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Foundations band together to get rid of fossil-fuel investments

dealbook.nytimes.com Published: January 30, 2014
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Seventeen foundations controlling nearly $1.8 billion in investments have united to commit to pulling their money out of companies that do business in fossil fuels, the group plans to announce on Thursday, the New York Times reports.



The move is a victory for a developing divestiture campaign that has found success largely among small colleges and environmentally conscious cities, but has not yet won over the wealthiest institutions like Harvard, Brown and Swarthmore.

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