Organizers from Fossil Fuel Divest Harvard â an activist group calling for Harvard to divest from the fossil fuel industry â met with senior staff members from the office of Massachusetts Attorney General Maura T. Healey â92 Friday to discuss a legal complaint they filed in March over the Universityâs investments.
The grievance, filed by Divest Harvard on March 15, alleges that Harvardâs continued investment in fossil fuels violates a provision of the 2009 Uniform Prudent Management of Institutional Funds Act â a state law that stipulates not-for-profit entities have a duty to invest in line with their charitable missions.
As of February, the Universityâs fossil fuel holdings are valued at less than two percent of its $41.9 billion endowment.
Secret marriage, dementia plague battle over $40M cosmetics fortune providencejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from providencejournal.com Daily Mail and Mail on Sunday newspapers.
Guillermo S. Hava 24, a Crimson Associate Editorial editor, lives in Winthrop House. His column appears on alternate Wednesdays.
At first glance, Leon D. Black seems like the ideal university donor, a poster boy for billionaire philanthropy. In 1990, he co-founded Apollo Global Management, a now colossal private equity firm. Blackâs subsequent fortune allowed him to become a productive, charitable member of elite society, a patron of the arts both as Museum of Modern Art chairman and as a private collector best known for purchasing one of the four original versions of âThe Screamâ for just under $120 million at a Sothebyâs auction.