Barnard College Divestment Announcement

"Barnard College’s board of trustees voted to divest from energy companies that deny climate change, putting into question the $286 million endowment’s relationship with its money manager Investure.

The board approved the measure Saturday, saying the college will 'distinguish between companies based on their behavior and willingness to transition to a cleaner economy.' In 2014, Investure lost a client, the Rockefeller Brothers Fund, which decided to divest from fossil fuel companies."

Barnard divestment activist and REC board member Helen Cane celebrated the decision and reflects: “I have been involved with divestment movements for 3 years now, and every step of the way I realize more and more how deeply entrenched the fossil fuel industry is with almost every kind of institution, including our own college endowments. The road block to divestment is the desire to make profits in the short-run, but the argument for divestment is that climate inaction will destroy all means of profits in the long-run.” 

Read more here.


Keep in touch

Sign up to receive our updates and get access to all features of this website. Sign in with:

Latest from the blog

Jul 10, 2017
"Historic new research from CDP, voted no. 1 climate change research provider by institutional investors, in collaboration with the Climate Accountability Institute, today reveals that 71% of all global GHG emissions since 1988 can be traced to just 100 fossil fuel producers. This group is the source of 635 billion tonnes...
Mar 23, 2017
Congratulations to the activists at York University! "The York University Advisory Committee on Responsible Investment (YUACRI) has voted to recommend the University's divestment from arms manufacturers and fossil fuels. YUACRI was established in 2012 to integrate environmental, social and corporate governance (ESG) considerations into investment management processes and ownership practices...
Mar 15, 2017
"Columbia University, New York, will divest certain coal industry investments in support of addressing climate change, Lee Bollinger, the university president, said in a message posted on the university’s website. University trustees have agreed to divest from companies deriving more than 35% of their revenue from thermal coal production, he...