U. of Hawaii Board Votes to Disinvest in Fossil-Fuel Companies

The University of Hawaii’s Board of Regents voted on Thursday to divest the system’s financial holdings in any companies involved in the production of fossil fuels, Pacific Business News reports.

The university, which plans to carry out the divestment by 2018, joins other higher-education institutions in choosing to rid itself of some or all of their investments in the fossil-fuel industry. They include the New School, Pitzer College, Stanford University, Syracuse University, the University of Dayton, and the University of Maine system.

As of last December, about 5 percent to 7 percent of Hawaii’s $66-million endowment was invested in the energy sector, but those holdings include clean-energy businesses as well, according to Pacific Business News.

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