Sterling College Commits to Fossil Fuel Divestment


Derr continued, “Our legacy and our focus on food, water, health, energy, and governance through conservation, education, and sustainable agricultural practices absolutely compels us to take this action. We hope that we inspire other colleges and universities to take this important next step toward divestment in fossil fuels because higher education is an important bully pulpit, and we need to focus the nation’s attention on this critical issue for future generations of our students.”
Bill McKibben, Sterling College honorary alumnus and the founder of 350.org, said of the college’s move, “Sterling College has always been a leader in sustainability and environmentalism. I am thrilled that Sterling has decided that divestment is an important tool for reversing climate change.”
Clean Yield President Rian Fried, a trustee of Sterling, said, “With this action, not only will the social return of the portfolio increase, the safety of the long-term financial returns will also be significantly enhanced by shielding the college from direct exposure to companies whose production levels are unsustainable.”
Sterling College plans to organize a symposium to explore the challenges and benefits of transitioning to a fossil-free portfolio.
You can read more about Sterling’s divestment at http://www.sterlingcollege.edu/divestment.html. Our article, Can We Divest Ourselves Out of Global Warming?, appears in Clean Yield’s December 2012 newsletter.