FILE - In this March 25, 2014 file photo, a worker oils a pump during a hydraulic fracturing operation at a gas and oil well pad near Mead, Colo. The University of Colorado's governing Board of Regents could vote Thursday April 16, 2015 on whether to stop investing in coal, oil and gas. The regents are expected to discuss a proposal from a student-led group called Fossil Free CU. (AP Photo/Brennan Linsley, file)

DENVER | The University of Colorado is keeping its investments in coal, oil and gas.

The school’s governing Board of Regents on Thursday rejected a request from students and others to divest from fossil fuels.

On a 7-2 vote, the regents upheld their current policy, which lets the university financial team invest in the industry if it chooses.

The regents did ask the university treasurer to analyze investment strategies that reflect the school’s commitment to environmental sustainability and report back in November.

Divestment supporters said the school shouldn’t invest in fossil fuels because of their role in climate change and because economic trends favor renewable energy.

Opponents praised the benefits of fossil fuels to health care and quality of life. They also cited the industry’s contribution to Colorado’s economy.