Green Mountain College Board Approves Divestment of Fossil Fuel Holdings
Re-posting this article from Green Mountain College : May 14, 2013 The Green Mountain College board of trustees approved divestment from 200 publicly-traded companies which hold most of the world’s known coal, oil and gas reserves at its May 10 meeting. The decision aligns the college with its strategic plan "Sustainability2020,” which commits GMC to socially responsible investments. Following the decision, the college administration will work with its investment advisors to implement the plan. "We see this as another step in an ongoing effort to connect our investment decisions with our ideals,” said Paul Fonteyn, president of Green Mountain College. "Investing endowment funds on the basis of social, economic and environmental criteria is one of the ways Green Mountain College expresses its values." GMC has long been committed to reducing its own consumption of fossil fuels on campus. The College built a $5.8 million dollar biomass plant in 2011 which successfully...