Ford Foundation to divest millions from fossil fuels

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The Ford Foundation is divesting millions of dollars from fossil fuels.

One of the largest private foundations in the nation, the group's decision reflects similar investment moves by others in recent years amid a push to stop using fossil fuels for energy.

“Although just 0.3% of the Ford Foundation’s endowment is directly invested in fossil fuel companies, we take our duties as fiduciaries seriously and we’re mindful that if we put restrictions on our investments, we may forsake some amount of return for future generations,” Ford Foundation President Darren Walker said.

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