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Divest Harvard Meets With Mass. Attorney General's Office Over Complaint Against University | News

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. ....

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Divestment gains at some colleges, but can it spread where oil rules?

But in parts of the United States where oil is a significant part of the economy, divestment isn’t discussed. Divestment advocates in Texas have made little progress convincing the state s Permanent University Fund which owns mineral rights on more than two million acres of land to part ways with oil. Jim Johnsen, the former president of the University of Alaska system, said he can’t remember ever being asked by students or employees about divestment, despite the university’s strong ties to the oil industry. Two members of the University of Alaska system s Board of Trustees have experience working in the fossil fuel sector, and parts of the university system s revenue can be traced back to oil and gas. ....

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FRC discloses payment of over N2.15trn into FG's Consolidated Revenue Fund

FRC discloses payment of over N2.15trn into FG's Consolidated Revenue Fund
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Divestment Activists Allege Harvard's Fossil Fuel Investments Violate State Law in Complaint to State AG | News

Activists with Fossil Fuel Divest Harvard â a student group calling for the University to divest from fossil fuels â filed a complaint with Massachusetts Attorney General Maura T. Healey â92 on Monday, alleging that Harvardâs highest governing board is violating state law through its continued investments in the fossil fuel industry.
The complaint claims the Universityâs fossil fuel holdings, valuated at less than two percent of the total endowment, represent the Harvard Corporationâs âfailureâ to comply with a provision of the 2009 Uniform Prudent Management of Institutional Funds Act provision that stipulates that not-for-profit entities have a duty to invest with their charitable purposes in mind. ....

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