Princeton reverses fossil fuel divestment policy, pushes endowment’s net-zero goal to 2046

Princeton University has announced that its $36.4 billion endowment will end a voluntary policy of divesting from all publicly traded oil and gas companies, reversing a 2022 decision that was framed as a step toward a net-zero portfolio. The university will now pursue a broader strategy aimed at achieving a net-zero endowment by 2046 that aligns with its campus-wide energy targets. The university’s divestment from thermal coal and tar sands companies remains in place. The revised approach is intended to provide greater “investment flexibility” while continuing to advance climate goals through emissions measurement, engagement with investment partners, and ongoing evaluation of the energy sector’s role in the clean-energy transition.