The University of Hawaii Board of Regents voted to divest its $66 million endowment from fossil fuels in a unanimous decision on Thursday, May 21.
The Board of Regents committee approved to form groups who will evaluate and recommend how to divest from interests in fossil fuel companies.
According to a press release by the university, it will take another three years for the university to fully divest it's $66 million endowment. All efforts and activity to divest will begin immediately.
The University stated in a recent article that the task group would consist of members of the Board of Regents, administration, UH investment advisors, the UH Graduate Student Organization, the Associated Students of the University of Hawaiʻi at Mānoa and DivestUH, a coalition supporting divestment from fossil fuel companies.