Asset Allocation
Boston University Joins Harvard in Divesting From Fossil Fuels
The $3 billion endowment, which eliminated coal and tar sand investments in 2016, will phase out crude oil and natural gas immediately.
The state pension fund has more than $1 billion invested in companies such as Chevron, Exxon, and ConocoPhillips.
$35.8 billion fund says investing in coal, oil, natural gas companies is too risky.
Decision comes one year after divesting from US coal holdings.