Goddard College Finalizes Divestment From Fossil Fuels

On Tuesday, Goddard College of Plainfield, Vermont, announced that they have settled on all of the final details of their divestment from fossil fuel companies and no longer intends to invest any endowment funds in this capacity.

Goddard College becomes the third higher education institution in Vermont to take the fossil fuel free approach to investing. The divestment path was previously paved by Sterling College and Green Mountain College as both schools divested from fossil fuels in 2013.

Goddard College Interim President, Robert Kenny said in a press release, “The divestment from fossil fuel company investments is one action in Goddard College’s long history of taking ‘imaginative and responsible action in the world.’ The College’s recent efforts to reduce its carbon footprint have led to a number of energy saving activities, including a proposal to convert out 20, oil burning heating furnaces to a single, centralized, locally-sourced wood chip plant. This divestment is a logical extension of those efforts, and we are proud to finalize its implementation.”

New investments made with the college’s endowment funds will be made through accounts without ties to fossil fuel companies with the help of Boston based Trillium Asset Management.

Trillium Asset Management seems to be a proper fit for the fossil fuel free investments that Goddard is aiming to direct endowment funds towards. As their website echoes with the statement, “A leader in shareholder advocacy and public policy work, Trillium leverages the power of stock ownership to promote social and environmental change while providing both impact and performance to our investors.

Even though news of the finalization of the divestment is still new and just reaching the media, Goddard College is already receiving positive responses from faculty members praising the bold move toward a greener future.

Goddard recently posted an email from Interdisciplinary Arts faculty member, Sharon Siskin, on their Facebook page. Her email said, “This is fabulous news! It makes me feel proud to be a part of Goddard College, in joing with other educational institutions who are taking this important step. Thanks to all who worked on making this change!”

A more in depth discussion on Goddard’s choice to divest and what it means for the college, will be discussed in a live interview with Interim President Robert Kenny. The broadcast can be heard on WGDR/WGDH radio, 91.7FM, 91.1FM as well as streamed online at (www.wgdr.org). Take a listen on Thursday, January 15th, at 11:00 a.m for all of the details.

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