March 13, 2013

Maine college sells its fossil fuel investments

The Associated Press

BAR HARBOR — The College of the Atlantic is selling off its investments in fossil fuel-related businesses such as oil, gas and coal companies.

At a special meeting Monday, trustees accepted a student proposal calling on the college to divest itself of those investments in an effort to combat global warming and affirm its commitment to the environment.

Second-year student Lucas Burdick, who led the divestment campaign, said divesting is "morally and politically just." He said divestment is nothing more than reinvestment and doesn't mean the school will lose money or have to raise tuition.

The college says about $1 million of its $30 million endowment was invested in fossil fuel companies.

Were you interviewed for this story? If so, please fill out our accuracy form

Send question/comment to the editors

Further Discussion

Here at we value our readers and are committed to growing our community by encouraging you to add to the discussion. To ensure conscientious dialogue we have implemented a strict no-bullying policy. To participate, you must follow our Terms of Use.

Questions about the article? Add them below and we’ll try to answer them or do a follow-up post as soon as we can. Technical problems? Email them to us with an exact description of the problem. Make sure to include:
  • Type of computer or mobile device your are using
  • Exact operating system and browser you are viewing the site on (TIP: You can easily determine your operating system here.)