February 11, 2021 The school will also invest up to $25 million with climate impact funds. Tufts University joins the growing number of colleges that have pledged to end direct investments into coal and tar sands companies. The decision comes after a review from an internal school sustainability committee. A list of 120 of the largest energy firms will be banned by the $1.9 billion endowment, the university said Wednesday. At the moment, the school has no direct investments into the excluded companies, though the list will be reviewed and updated every year. Over the next five years, Tufts says it also plans to invest up to $25 million into climate impact funds. A minimum of $10 million will be allocated by the school. The other $15 million would come from matching donor contributions to the endowment that are earmarked specifically for climate change.