By Adam Grossberg, KQED News Fix
A campaign on college campuses across the country aimed at stopping climate change received a big boost yesterday with the announcement that Stanford University will stop investing in coal companies.
The resolution, passed by Stanford’s Board of Trustees, states the school will no longer directly invest in approximately 100 publicly traded companies whose primary business is coal extraction, in addition to divesting itself of any current holdings in such companies.
“The university’s review has concluded that coal is one of the most carbon-intensive methods of energy generation and that other sources can be readily substituted for it,” Stanford President John Hennessy said in a statement explaining the move.
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