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Princeton Endowment Backs Out of Oil and Gas Divestment Vow.

Bibliographic Details
Title: Princeton Endowment Backs Out of Oil and Gas Divestment Vow.
Authors: Lorin, Janet (AUTHOR)
Source: Bloomberg.com. 6/2/2026, pN.PAG-N.PAG. 1p.
Subject Terms: *Disinvestment, *Clean energy, *Endowments, *Financial aid, *Investment policy, *Petroleum industry, *Sustainable investing, *Universities & colleges
Company/Entity: Princeton University
Abstract: This article focuses on Princeton University’s decision to reverse its 2022 pledge to divest from publicly traded oil and gas companies, while maintaining its commitment to divest from thermal coal and tar sands companies. Vincent Tuohey, President of the Princeton University Investment Company (Princo), stated that the initial divestment did not clearly advance the endowment toward a net-zero portfolio and emphasized the ongoing role of major energy companies in the clean-energy transition. Princeton’s $36.4 billion endowment, which funds about 65% of the university’s operating revenue, has experienced relatively low returns compared to peer institutions. The reversal aims to provide greater investment flexibility amid financial pressures, supporting critical university functions such as financial aid and climate research. [Extracted from the article]
Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Business Source Index
FullText Text:
  Availability: 0
Header DbId: bsx
DbLabel: Business Source Index
An: 194230110
RelevancyScore: 1407
AccessLevel: 6
PubType: Periodical
PubTypeId: serialPeriodical
PreciseRelevancyScore: 1406.61413574219
IllustrationInfo
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  Data: Princeton Endowment Backs Out of Oil and Gas Divestment Vow.
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  Data: <searchLink fieldCode="AR" term="%22Lorin%2C+Janet%22">Lorin, Janet</searchLink> (AUTHOR)
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  Data: This article focuses on Princeton University’s decision to reverse its 2022 pledge to divest from publicly traded oil and gas companies, while maintaining its commitment to divest from thermal coal and tar sands companies. Vincent Tuohey, President of the Princeton University Investment Company (Princo), stated that the initial divestment did not clearly advance the endowment toward a net-zero portfolio and emphasized the ongoing role of major energy companies in the clean-energy transition. Princeton’s $36.4 billion endowment, which funds about 65% of the university’s operating revenue, has experienced relatively low returns compared to peer institutions. The reversal aims to provide greater investment flexibility amid financial pressures, supporting critical university functions such as financial aid and climate research. [Extracted from the article]
– Name: AbstractSuppliedCopyright
  Label:
  Group: Ab
  Data: <i>Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
PLink https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=bsx&AN=194230110
RecordInfo BibRecord:
  BibEntity:
    Languages:
      – Code: eng
        Text: English
    PhysicalDescription:
      Pagination:
        PageCount: 1
        StartPage: N.PAG
    Subjects:
      – SubjectFull: Disinvestment
        Type: general
      – SubjectFull: Clean energy
        Type: general
      – SubjectFull: Endowments
        Type: general
      – SubjectFull: Financial aid
        Type: general
      – SubjectFull: Investment policy
        Type: general
      – SubjectFull: Petroleum industry
        Type: general
      – SubjectFull: Sustainable investing
        Type: general
      – SubjectFull: Universities & colleges
        Type: general
      – SubjectFull: Princeton University
        Type: general
    Titles:
      – TitleFull: Princeton Endowment Backs Out of Oil and Gas Divestment Vow.
        Type: main
  BibRelationships:
    HasContributorRelationships:
      – PersonEntity:
          Name:
            NameFull: Lorin, Janet
    IsPartOfRelationships:
      – BibEntity:
          Dates:
            – D: 02
              M: 06
              Text: 6/2/2026
              Type: published
              Y: 2026
          Titles:
            – TitleFull: Bloomberg.com
              Type: main
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