Tufts defends divestment decision as TCA calls for full divestment from fossil fuels
Tuftsannounced on Feb. 10 its decision to ban direct investment in "120 coal and tar sands companies with the largest reserves" in a statement emailed to the community.According to the same email, Tufts will also allocate between $10 million and $25 million toward “positive impact funds” in climate change over the next five years. While Tufts does not currently have any direct holdings in coal and tar sands companies through internally managed accounts, this decision prevents Tufts from any future holdings. According to the statement, the steps that Tufts is taking are based on the recommendations of the Responsible Investment Advisory Group in its December 2020report.