Princeton Plans to Cut Holdings in Fossil-Fuel Companies

August 2024 · 1 minute read

Princeton University is moving to sever financial ties with fossil-fuel companies, including energy giants Exxon Mobil Corp. and Suncor Energy Inc., as the school distances itself from major greenhouse-gas emitters.

The university’s endowment, the fourth-largest in the US, “will also eliminate all holdings in publicly traded fossil-fuel companies,” Princeton said Thursday in a statement.

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