Omaha’s Creighton University will phase out all investments in the fossil fuel industry from its $587 million endowment within the next 10 years. Instead it will channel investments toward sustainable energy, reports the National Catholic Reporter.
“This is a win not only for the climate and Creighton’s endowment, but for the future of sustainable and responsible capitalism,” Creighton student Mike Galeski wrote in a Medium post. “People are voting with their dollars, and the companies that refuse to adapt their business models to a carbon constrained society are losing badly.”