Stanford Getting Rid of $18 Billion Endowment of Coal Stock

mdsolar sends this report from the NY Times: "Stanford University announced Tuesday that it would divest its $18.7 billion endowment of stock in coal-mining companies, becoming the first major university to lend support to a nationwide campaign to purge endowments and pension funds of fossil fuel investments. The university said it acted in accordance with internal guidelines that allow its trustees to consider whether 'corporate policies or practices create substantial social injury' when choosing investments. Coal's status as a major source of carbon pollution linked to climate change persuaded the trustees to remove companies 'whose principal business is coal' from their investment portfolio, the university said."

Comments

Divest of Electrical Use Too?

[ntsucks]

Does this mean Standford will divest itself from the use of electricity too? Or is this just a hypocritical publicity stunt?