The University of Michigan Endowment Fund Divesting from Fossil Fuels 2020

The University of Michigan Endowment Fund Divesting from Fossil Fuels 2020

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The University of Michigan Endowment Fund Divesting from Fossil Fuels 2020 I believe it is an important step towards sustainable energy. I support this divestment because the current practices of fossil fuels do not align with the principles of environmental conservation, social equity, and economic justice. The impact of current fossil fuel practices cannot be ignored. Fossil fuels are an integral part of our economy, providing jobs and creating wealth. Yet, their continued exploitation and production have dire consequences, including climate change, air poll

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Title: The University of Michigan Endowment Fund Divesting from Fossil Fuels 2020 In October 2018, the University of Michigan announced that it would phase out its investments in fossil fuel companies within five years. The reason for this decision was to align the fund with its larger mission as a “public institution” serving all people. However, divestment was not seen as a solution, with the endowment’s overall portfolio holding over 100 fossil fuel companies at the time.

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In 2019, The University of Michigan Endowment Fund was reported to divest from fossil fuels. The report stated that the university’s endowment fund manager, BlackRock, announced a decision to withdraw from companies that produce crude oil, coal, and natural gas. According to The University of Michigan Endowment Fund’s report, the decision had a substantial impact on the value of the fund, with the fund’s value rising by 5% after the decision was announced. The report noted that the decision is likely to result

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The University of Michigan Endowment Fund Divesting from Fossil Fuels 2020 — is an impressive project that aimed to cut the university’s carbon footprint by divesting from 11 of the 39 fossil fuel companies listed on the S&P Global 500 Index. The aim of the program is to support and raise awareness about climate change, which the University of Michigan has committed itself to addressing through its Academic Plan. The fund has achieved a 14.5% return in

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In January 2020, The University of Michigan Endowment Fund announced that it would cease purchasing and/or investing in any companies directly or indirectly involved in the exploitation of fossil fuels, including those that develop and produce shale oil, gas, coal or any other sources of fossil fuel. This decision comes in response to increasing evidence that greenhouse gases and other environmental impacts, especially those linked to climate change, constitute a clear risk to the sustainability of the planet. This initiative is a bold move in favor of