"Victory for Student Activists: New York's Largest University Commits to Divest from Fossil Fuels"

New York University (NYU), the largest university in New York state with an endowment of over $5 billion, has committed to divest from fossil fuels following years of pressure from student activists. In a letter addressed to a student activist group, NYU's board of trustees chair, William R Berkley, stated that the university will avoid direct investments in companies primarily involved in fossil fuel exploration or extraction. The commitment applies to the top 200 coal, oil, and gas companies. While this is a significant win for the climate movement, student organizers believe there is more NYU can do to cut ties with the oil and gas industry, including eliminating fossil fuel funding for research and disaffiliating from fossil fuel companies.