The Huntington News

University not to consider fossil fuel divestment in financial strategy

University not to consider fossil fuel divestment in financial strategy

November 22, 2017


Filed under Campus

By Morgan Lloyd, news staff Northeastern is not currently considering divestment from offshore funds that invest in fossil fuels, a Northeastern treasurer announced at Wednesday’s Faculty Senate meeting. “Our endowment holds roughly 10 percent of its endowment in energy stocks and investment. ...

Paradise Papers tie Northeastern to offshore fossil fuel investments

Paradise Papers tie Northeastern to offshore fossil fuel investments

November 11, 2017


Filed under Campus

By Glenn Billman, deputy campus editor Leaked Paradise Paper documents revealed Northeastern and several other universities have invested part of their endowments in fossil fuels via an offshore hedge fund, according to an article published in the Guardian Wednesday. EnCap Energy Capital Fund IX-C is based in the Cayman Islands, where there is no corporate or income tax. Northeastern and 11 o...

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