The Church of the Gesu can be seen on the Milwaukee campus of Marquette University in this winter 2020 photo. (CNS/Courtesy of Marquette University)
UPDATE: Contains the correct link to the full story
By Brian Roewe EarthBeat
Student climate activists at Marquette University celebrated after the Jesuit school in Milwaukee moved last week to prohibit direct investments in fossil fuels through its $929 million endowment.
Marquette announced an update on March 24 to its university investment policy that bars investments in public securities whose primary business involves the exploration and extraction of coal, oil and gas. The move was approved by its board of trustees.
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In addition, the new policy formalizes measures the endowment office has been practicing for several years, including monitoring funds for indirect exposure to fossil fuels and moving to “wind down” other private investments in fossil fuel-related holdings “in accordance with the terms of the partnership agreements.”
A spokeswoman told EarthBeat the university retains the ability to maintain fossil fuel exposure “on a case-by-case basis,” particularly with companies adapting their business models toward solutions to climate change.
