[Vision2020] WSU news of interest

[Ron Force]

Buried in a longer story, WSU invests in a Cayman Islands fund for oil and
gas development:

Not illegal, but why?

While some schools have announced shifts away from controversial
investments, others have pointed out that divesting from fossil fuels would
probably lead to a significant drop in operating funds.

Underscoring endowments’ reliance on hydrocarbon holdings, 10 schools
invested in a Cayman Islands partnership in 2012 known as EnCap Energy
Capital Fund IX-C, part of EnCap Investments, a private equity firm known
for the acquisition and development of North American oil and gas
properties.

Among the investors were the University of Alabama, DePauw, Northeastern,
Pittsburgh, Purdue, Reed College, Rutgers, Syracuse, Texas Tech and
Washington State.

https://www.nytimes.com/2017/11/08/world/universities-offshore-investments.html?smid=tw-share&_r=0
Ron Force
Moscow Idaho USA
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