"Columbia University, New York, will divest certain coal industry investments in support of addressing climate change, Lee Bollinger, the university president, said in a message posted on the university’s website.
University trustees have agreed to divest from companies deriving more than 35% of their revenue from thermal coal production, he said.
'Divestment of this type is an action the university takes only rarely and in service of our highest values,' Mr. Bollinger said in a statement Monday. 'That is why there is a very careful and deliberative process leading up to any decision such as this. Clearly, we must do all we can as an institution to set a responsible course in this urgent area.'"
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Congratulations to Columbia Divest for Climate Justice and REC organizers who have long supported this campaign!