By Carol Pierson HoldingIn response to pressure from students, faculty — and apparently alumni — who oppose Harvard Endowment’s refusal to divest its fossil fuel stocks, Harvard University’s President Drew Faust’s office issued her second statement on climate change and sent a an email link to Harvard alumni. (N.B.: I am one). Instead of divesting, Harvard will become a signatory to the UN Principles of Responsible Investing and the Carbon Disclosure Project. Alumni are also asked to contribute to a $20 million Climate Change Solutions Fund. Harvard is chipping in $1 million.
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