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New principles regarding fossil fuels to guide Yale’s endowment
The Yale Board of Trustees last week approved a new set of ethical investment principles (PDF) to guide the university’s decisions concerning companies producing fossil fuels.
The five principles, recommended by an expert faculty panel appointed in October by President Peter Salovey, create new standards for the activities, behaviors, and characteristics of fossil fuel companies that would warrant divestment.
The principles establish a framework through which Yale can encourage fossil fuel producers to adopt more sustainable practices and advance the shift to a decarbonized energy future – and to call out and make ineligible for investment by Yale those companies that do not.