After 2016 Coal and Tars Sands Oil Ban, Boston University Endowment to Divest from Fossil Fuels
Posted on 09/26/2021
Joining a chorus of U.S. east coast colleges, Boston University will divest from fossil fuels, effective immediately. Boston University’s board of trustees voted on September 22, 2021 to adopt a plan to phase out any investments in companies that extract oil and natural gas. The impact won’t be substantial as the US$ 3 billion endowment already has a small fraction allocated to fossil fuel producers and extractors. Going forward, Boston University will not be allowed to have any direct investments in fossil-fuel companies.
In 2016, Boston University’s board approved plans to avoid investing in companies that extract coal and tar sands oil.