<div dir="ltr"><div class="gmail_default" style="font-size:small">Buried in a longer story, WSU invests in a Cayman Islands fund for oil and gas development:</div><div class="gmail_default" style="font-size:small"><br></div><div class="gmail_default" style="font-size:small">Not illegal, but why?</div><div class="gmail_default" style="font-size:small"><br></div><div class="gmail_default"><p class="gmail-story-body-text gmail-story-content" style="font-size:1.0625rem;margin:0px 0px 1em 75px;line-height:1.625rem;font-family:georgia,"times new roman",times,serif;max-width:none;width:570px;color:rgb(51,51,51)">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.</p><p class="gmail-story-body-text gmail-story-content" style="font-size:1.0625rem;margin:0px 0px 1em 75px;line-height:1.625rem;font-family:georgia,"times new roman",times,serif;max-width:none;width:570px;color:rgb(51,51,51)">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.</p><p class="gmail-story-body-text gmail-story-content" style="font-size:1.0625rem;margin:0px 0px 1em 75px;line-height:1.625rem;font-family:georgia,"times new roman",times,serif;max-width:none;width:570px;color:rgb(51,51,51)">Among the investors were the University of Alabama, DePauw, Northeastern, Pittsburgh, Purdue, Reed College, Rutgers, Syracuse, Texas Tech and Washington State.</p><p class="gmail-story-body-text gmail-story-content" style="margin:0px 0px 1em 75px;line-height:1.625rem;max-width:none;width:570px"><font color="#333333" face="georgia, times new roman, times, serif"><span style="font-size:17px"><a href="https://www.nytimes.com/2017/11/08/world/universities-offshore-investments.html?smid=tw-share&_r=0">https://www.nytimes.com/2017/11/08/world/universities-offshore-investments.html?smid=tw-share&_r=0</a></span></font><br></p></div><div><div class="gmail_signature"><div dir="ltr"><font size="2">Ron Force<br>Moscow Idaho USA</font></div></div></div>
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