University of Colorado turns back fossil fuel divestment push

The University of Colorado's Board of Regents voted to continue its current investment strategy Thursday, which does not exclude fossil fuel investments, reported the Daily Camera.

Two Democratic board members, Boulder's Linda Shoemaker and Denver's Irene Griego, voted against the strategy. Shoemaker wanted to create a sustainable investment committee, and she later told the paper that the decision was "a lost opportunity."

CU has a total investment pool of nearly $2.7 billion, and three to four percent of that money is invested in energy.