Sydney University creates waves with investment ban on coal

By Peter Hannam
Updated September 7 2014 - 10:13am, first published August 26 2014 - 6:55pm
Considering its options: Sydney Uni may divest itself of its $900,000 holding in Whitehaven. Photo: Phil Carrick
Considering its options: Sydney Uni may divest itself of its $900,000 holding in Whitehaven. Photo: Phil Carrick
Divisive asset: NSW Minerals Council chief executive Stephen Galilee said Sydney University had caved into bullying by environmental activists. Photo: Supplied.
Divisive asset: NSW Minerals Council chief executive Stephen Galilee said Sydney University had caved into bullying by environmental activists. Photo: Supplied.

The University of Sydney has become the first institution of its type in Australia to halt further investments in coalmining, a move likely to send ripples through the funds industry.

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