Key facts
- Princeton University's endowment is reversing its pledge to divest from oil and gas stocks.
- The endowment had previously committed to exiting these holdings four years ago.
- The divestment was part of a strategy to achieve a net-zero portfolio.
Princeton University's endowment is backtracking on its pledge to divest from publicly traded oil and gas companies. This reversal comes four years after the endowment initially stated its intention to exit such holdings as part of a broader strategy to move towards a net-zero portfolio.