U of Illinois faculty to consider anti-coal resolution

URBANA, Ill. (AP) — Faculty leaders at the University of Illinois’ flagship campus are expected to consider a resolution calling on the school to divest itself of any coal-related industries.

The Academic Senate at the Urbana-Champaign campus is expected to consider the resolution Monday. The resolution is sponsored by students and is part of a drive started in 2011 to push the university to stop investing in coal-related companies.

According to The News-Gazette in Champaign, the University of Illinois Foundation does not have any direct investment in coal. But does have $5.1 million invested in externally managed stock market index funds in coal mining and utilities that use coal.

University officials have said in the past that they are not ready to change the school’s investment policy.