ESG & Investing
Princeton to Cut Holdings in Publicly Traded Fossil-Fuel Companies
- School is poised to break ties with 90 firms, including Exxon
- Harvard, Brown among others that have pulled back from sector
The Princeton University campus in Princeton, New Jersey.
Photographer: Bloomberg/BloombergThis article is for subscribers only.
Princeton University is moving to sever financial ties with fossil-fuel companies, including energy giants Exxon Mobil Corp. and Suncor Energy Inc., as the school distances itself from major greenhouse-gas emitters.
The university’s endowment, the fourth-largest in the US, “will also eliminate all holdings in publicly traded fossil-fuel companies,” Princeton said Thursday in a statement.