Harvard University will divest its $42bn endowment from all fossil fuels

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Harvard will divest itself from holdings in fossil fuels, the university's president, Lawrence Bacow, announced late on Thursday.

Harvard Management Company, which oversees the university's vast endowment of almost $42bn, has already been reducing its financial exposure to fossil fuels and has no direct investments in companies that explore for or develop further reserves of fossil fuels, Bacow said in a message posted on the university's website.