GMC moving investments away from fossil fuel companiesMay 14,2013By Lucia Suarez
POULTNEY — Green Mountain College joins a growing movement of colleges and universities that are moving their investments away from fossil fuel companies.
Last Friday, the college's Board of Trustees approved to divest it's endowment from 200 publicly-trade companies which hold most of the world's known coal, oil and gas reserves. The decision, announced Tuesday, aligns the college with its strategic plan “Sustainability2020” that commits the college to socially responsible investments.
“We see this as another step in an ongoing effort to connect our investment decisions with our ideals,” said college President Paul Fonteyn, in a statement.
“Investing endowment funds on the basis of social, economic and environmental criteria is one of the ways Green Mountain College expresses its values.”
With this decision, GMC becomes the second higher education institution in Vermont to divest from fossil fuels. Earlier this year, the board of trustees at Sterling College in Craftsbury Commons voted to divest its endowment from fossil fuel companies.
Currently, divestment is under consideration at Middlebury College.MORE IN This Just InPolice are seeking information about a pair of robberies in Rutland and Wallingford Wednesday night. Full Story
- Most Popular
- Most Emailed
- TOMORROW'S HEADLINES TODAY: Gov. Peter Shumlin announces demise of his single-payer health insurance initiative; convicted first-degree murderer Alan Prue sentenced to 50 years for killing teacher Melissa Jenkins; veterans chafed about park naming snub.
- RICHARD'S POOR ALMANACK: In 497 BC, first Saturnalia festival celebrated in Rome, Scandinavians retain 'Yule Goat' as symbol of season, Krampus, evil side of holiday cheer, terrorizes children into better behavior, more advice from Christopher Hitchens.
- RICHARD'S POOR ALMANACK: In 533 AD, Byzantine Emperor Justinian I gets the old empire back together again routing the Vandals from Carthage; in 1890, Lakota Chief Sitting Bull is killed at his home in South Dakota; in 1970, Soviets land probe on Venus.
- DUANE CARLETON: Rutland Herald Events Editor George Nostrand interviews musician Duane Carleton, whose new CD 'A GIRL LIKE THAT' drops Thursday, Dec. 18, 2014, and will be celebrated that evening with a show at 9:30 p.m. at Killington's Pickle Barrel.
- RICHARD'S POOR ALMANACK: Sigisimund, king of Hungary, creates Order of the Dragon to defend the West against Ottoman Turks; Chong Ho escorts 300 virgins to China; J. Bruce Ismay born this day, built Titanic, gets free trip, does not go down with the ship.
- TOMORROW'S HEADLINES TODAY: Storm takes out power for 60,000 Vermonters; state gets $33M to fund pre-K education; Springfield board OKs fund to demolish blighted buildings, voters have final say; George Nostrand runs down coming events.