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 InMONTPELIER — The 22 water systems in Vermont that draw from Lake Champlain are participating in a... Full StoryJOHANNESBURG — When Cecil the lion’s carcass was finally found after he was lured out of a... Full Story
- Most Popular
- Most Emailed
- RICHARD'S POOR ALMANACK: On this day 1739, 'Richard Palmer' identified in prison at York Castle as the notorious outlaw DICK TURPIN; IN 1836, Battle of the Alamo begins near San Antonio de Bexar, Texas; 1896, the Tootsie Roll invented by LEO HIRSCHFELD.
- RICHARD'S POOR ALMANACK: On this day in 1472, Orkney, Shetland islands put up as collateral by Norway to Scotland in lieu of dowry for MARGARET OF DENMARK on her marriage with JAMES III, king of Scotland; 1962, JOHN GLENN first American to orbit Earth.
- TOMORROW'S HEADLINES TODAY: City mayoral candidates debate campaign issues; Hartford, Conn., woman still missing; Neal Goswami reports attempts to legislate suicide; local woman loses 100 pounds through TOPS program.
- RICHARD'S POOR ALMANACK: On this day in 1878, JOHN TUNSTALL murdered near Lincoln, New Mexico, by the outlaw JESSE EVANS; in 1930, ELM FARM OLLIE first cow to fly in aircraft, first to be milked airborne; 1955, nuke test WASP; '79, snow in Sahara.
- TOMORROW'S HEADLINES TODAY: Rutland Herald News Editor Alan J. Keays and staff writer Gordon Dritschilo discuss stories planned for the February 18, 2015, edition of the newspaper: Winter budgets maxed, legal marijuana, Springfield bank job, USPS slowdown
- RICHARD'S POOR ALMANACK: On this day in 1249 AD, ANDRE of LONGJUMEAU is dispatched by LOUIS IX of France to meet the KHAGAN, ruler of the Mongol Empire; in 1804, during 1st Barbary War, STEPHEN DECATUR scuttles the pirate-held USS Philadelphia in Tripoli.