Princeton endowment backtracks on oil divestiture pledge

Princeton University's endowment on Monday abandoned its 2022 pledge to divest from publicly traded oil and gas companies, although it will comply with a trustee mandate to divest from thermal coal and tar sands companies.

What they're saying: Princo president Vincent Tuohey writes that the endowment will continue working toward a "net-zero endowment by 2046," but doesn't believe such divestitures are necessary to achieve that goal.