The Cornell University Board of Trustees voted this month to support the investment committee of its $6.9 billion endowment and placed a moratorium on new private investments focused on fossil fuels and to grow its investments in alternative energy technologies.
The decision follows a review of the near- and medium-term financial outlook for coal, oil and gas industries and the potential threat posed by climate change, according to an announcement from the university news service.
The investment committee is chaired by co-founder of KKR Prisma Girish Reddy and later co-CEO of . . .
Continue Reading
Unlock this article instantly, along with the rest of our premium content and daily, weekly and monthly newsletters. We offer pay-as-you-go monthly subscriptions and discounted annual subscriptions with additional benefits: access to Alternatives Watch Research articles and our Annual Investor Compendium.
