Stanford University announced Wednesday that their endowment will no longer invest in coal companies.

The university is the 12th institution to remove direct funding to the coal industry and the largest and most prestigious so far. Stanford has the fourth largest endowment of any U.S. college or university.

Lee Gardner, senior editor for The Chronicle of Higher Education, wrote about Stanford's decision and joins us to talk about what this means for the endowment and the college landscape as a whole.