Marquette's Fossil Fuel Hypocrisy

From Facebook:

Marquette University has updated its endowment policy to strictly prohibit direct investments in public securities whose primary business is the exploration or extraction of fossil fuels. The university’s current investment portfolio does not include any direct public investments in fossil fuels.

From Marquette Today:

Marquette University’s Board of Trustees has approved an updated investment policy for the university endowment with new socially responsible investing and sustainability language that strictly prohibits direct investments in public securities whose primary business is the exploration or extraction of fossil fuels. The university’s current investment portfolio does not include any direct public investments in fossil fuels.

The Endowment Office says it will closely monitor funds for any indirect exposure to fossil fuels and will wind down private investments in fossil-fuel related strategies in accordance with the terms of the partnership agreements. The university will continue to engage in open dialogue and work closely with student leaders — including Marquette University Student Government — as the university seeks additional ways to manage the endowment in ways that are environmentally responsible.

This is idiotic. It's a ridiculous move.

Marquette runs on fossil fuels. It's built with fossil fuels. Construction materials are made of fossil fuels. Without fossil fuels, the university would have no buildings, no housing.

Electricity is used to power Marquette's campus, gobbling up more fossil fuels. Prohibiting "direct investments in public securities whose primary business is the exploration or extraction of fossil fuels" is hypocritical.