Trustees shoot down tobacco divestment campaign in ten minutes

“The proposal calling for Penn to divest its $7.7 billion endowment from tobacco companies died without a vote at Friday’s Board of Trustees meeting.

The decision follows an overwhelming wave of divestment support within the Penn community. The University Council saw a 51-6 vote in favor of divestment, and 530 senior Penn faculty members signed an open letter supporting the proposal. In February, the Faculty Senate voted unanimously in support of tobacco divestment.”

 

Read more here.

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