Students at US universities file legal complaints over fossil fuel investments
Organizers at Columbia, Tulane and the University of Virginia write to attorneys general arguing schools’ investments are illegalCampus organizers at three universities filed legal complaints on Monday arguing that their schools’ investments in planet-heating fossil fuels are illegal, the Guardian has learned.The students from Columbia University, Tulane University, and the University of Virginia each wrote to the attorneys general of their respective states calling on them to scrutinize their universities’ investments. They accuse their universities of breaching the Uniform Prudent Management of Institutional Funds Act, a law adopted by 49 states that requires non-profit institutions to consider their “charitable purposes” when investing, and exercise “prudence” and “loyalty”. Continue reading...
Organizers at Columbia, Tulane and the University of Virginia write to attorneys general arguing schools’ investments are illegal
Campus organizers at three universities filed legal complaints on Monday arguing that their schools’ investments in planet-heating fossil fuels are illegal, the Guardian has learned.
The students from Columbia University, Tulane University, and the University of Virginia each wrote to the attorneys general of their respective states calling on them to scrutinize their universities’ investments. They accuse their universities of breaching the Uniform Prudent Management of Institutional Funds Act, a law adopted by 49 states that requires non-profit institutions to consider their “charitable purposes” when investing, and exercise “prudence” and “loyalty”. Continue reading...
