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Cornell Divests from Fossil Fuels Amid Climate Pressure

3/8/2025

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Summary

Story summary

In 2022, Cornell University took a bold step by stopping new fossil fuel investments, driven by urgent climate change concerns impacting its $6.9 billion endowment. Meanwhile, environmentalists pressured TIAA to divest its massive $1.3 trillion fund from fossil fuels, as TIAA grappled with the challenge of upholding fiduciary responsibilities while confronting climate risks.

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Story summary

In 2022, Cornell University took a bold step by stopping new fossil fuel investments, driven by urgent climate change concerns impacting its $6.9 billion endowment. Meanwhile, environmentalists pressured TIAA to divest its massive $1.3 trillion fund from fossil fuels, as TIAA grappled with the challenge of upholding fiduciary responsibilities while confronting climate risks.