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As Harvard's endowment abandons fossil fuels, oil-rich University of Texas catches up

Harvard University has had the largest academic endowment since 1986. Maddie Meyer/Getty Images hide caption

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Maddie Meyer/Getty Images

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As Harvard's endowment abandons fossil fuels, oil-rich University of Texas catches up

Royalties on oil and natural gas, along with lease payments on millions of acres of land, are helping the University of Texas, which is in second place, narrow the gap with Harvard.

As Harvard's endowment abandons fossil fuels, oil-rich University of Texas catches up

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