Goddard College finalizes divestment from fossil fuel company investments

Associated Press

Vermont's Goddard College says it has completed its divestment from fossil fuel company investments, making it the third college in the state to divest after Sterling and Green Mountain College.

Interim President Robert Kenney says the college's recent efforts to reduce its carbon footprint have led to a number of energy-saving activities, including a proposal to converts its 20, oil-burning heating furnaces to a locally sourced wood chip plant. He said the divestment is a logical extension of those efforts.

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Kenney said Tuesday the college has moved its endowment funds into fossil fuel-free accounts at Trillium Asset Management in Boston.