Yale fund raises issue of climate change impact

[NEW YORK] As pressure grows from students who want to see their schools use financial clout to address environmental issues, Yale University's investment office wrote to its money managers asking them to assess how investments could affect climate change and suggesting they avoid companies that do not take sensible "steps to reduce greenhouse gas emissions".

The letter, from David F Swensen, Yale's chief investment officer, stopped short of asking managers to sell shares in companies with a "large...

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