Divestment Campaign Leads to $50 M Green Investment at Middlebury

 

There is movement around responsible investment at Middlebury College. In direct response to pressure from students calling on the university to divest it's endowment of the 200 largest fossil fuel companies, Middlebury is making significant investments in ESG funds.

In an email this Monday April 7th, President Ron Liebowitz wrote, “[The College] recently increased by a significant factor the amount of its endowment specifically directed towards investments that generate long-term social, environmental, and economic value. This includes investments focused on sustainable businesses such as clean energy, water, climate science, and green building projects. The value of these specifically directed investments is $25 million as of February 28, 2014.” Patrick Norton, the VP of Finance at Middlebury, stated that this number will rise to $50 million within five years.

Greta Neubauer, a member of Divest Middlebury, shared, “This, combined with other news from around the country this week, feels like a different kind of momentum than last year. It is a rolling movement forward, like falling dominoes.” The Middlebury organizers will continue to call for divestment and are excited to see the campus taking tangible steps in that direction.

Additionally, Middlebury is giving $150,000 to the student-run Socially Responsible Investment Club, putting real decision making power into the hands of students!

Virginia Wiltshire-Gordon, a core member of the Socially Responsible Investment Club, was hopeful following this announcement, saying, “I do not believe this would have happened without the Middlebury fossil fuel divestment campaign.” 

This announcement is a catalyst for student organizers who will be redoubling their efforts to get Middlebury to commit to full divestment. 

 

 

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

Oct 20, 2016
REC Goes to North Carolina Divestment Convening & Launching of New Responsible Endowment Fund   On October 1st, Natalie Casal and I went to Greensboro, North Carolina for a North Carolina Convening for Divestment and Reinvestment. The event was a gathering of students, alumni, parents, and community members from Guilford...
Oct 06, 2016
DEADLINE: Sunday, October 16, 11:59 PM EST. Fill out this form if you would like to be considered for a student scholarship to attend the 2016 REC Kamayan Dinner, celebrating international solidarity and student power, on Wednesday, October 19, 2016 at May Day Space in Brooklyn. Applicants will be notified...
Oct 03, 2016
KAMAYAN: Celebrate REC, U.S. Student Movements, & International Solidarity October 19, 2016 at 7:00pm - 10:30pm Mayday Space - 176 St Nicholas Ave., Brooklyn, NY 11237 In June 2016, REC sent a delegation of U.S. fossil fuel divestment student activists to learn about the impact of climate change and extractive industry...

Sponsors

Partners

Partners

Partners