University of Colorado keeps its fossil fuel investments

April 16, 2015

The Gazette

Wind and solar power advocates failed to persuade the University of Colorado's governing Board of Regents Thursday to divest from coal, oil and gas.

On a 7-2 vote, the regents upheld their current policy that allows the university financial team to invest in fossil fuel if it chooses.

The regents also rejected, 6-3, a proposal to form a sustainable investment committee to advise the financial team.

It was the latest skirmish in a nationwide campaign to push schools, churches and other institutions to divest from greenhouse gas-producing energy in hopes of hastening the growth of renewable fuels. The Fossil Free campaign says at least 19 U.S. schools have agreed to some degree of divestment.



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