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Hopkins board votes to divest from coal

Students walk on the campus of Johns Hopkins University. (The Daily Record / Maximilian Franz)

Students walk on the campus of Johns Hopkins University. (The Daily Record / Maximilian Franz)

The Johns Hopkins University Board of Trustees voted Friday to divest from separately managed investments in thermal coal, the school announced Tuesday.

The vote bars Hopkins from purchasing stocks or bonds of companies that earn more than 35 percent of their revenue from thermal coal, the type burned to generate electricity. The university will also not be able to buy into partnerships made up of more than 35 percent of companies that make their money primarily from coal.

The university noted that this is the third time the board has voted to divest in its history. Previous votes were to bar investment in companies doing business in apartheid South Africa and divestment from tobacco companies.

The university’s investment in fossil fuels has been an ongoing issue on campus. Students have been pushing for the university to make this decision for several years.

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