MacArthur Foundation joins investment shift away fossil fuels By Reuters – Investing.com

MacArthur Foundation joins investment shift away fossil fuels By Reuters – Investing.com

By Ross Kerber

BOSTON (Reuters) - The $8.2 billion MacArthur Foundation said on Wednesday it would divest from fossil fuel holdings with changes to its equity indexes, becoming the largest foundation to move money away from the oil and gas sector.

Other institutions including Harvard University and the Maine state pension system have taken similar steps lately amid mounting climate change concerns, although some investors prefer to keep energy company shares to help find ways to cut emissions.