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College of the Atlantic’s core values have long played a role in our responsible investment goals. The college divested temporarily from South African-based companies in 1983, in 2006 we sold our holdings in Exxon Mobil, and we have long been divested from tobacco companies.
Most recently, a fossil fuel divestment campaign began prior to COA’s January 2013 board meeting. Students and faculty members collected signatures, researched our investment portfolio, and worked with the administration. One week after the initial call to action, students met with members of the Board of Trustees. While a provisional agreement to divest was accepted, the resolution needed a vote by the board. This was slated to take place in April, but the administration decided to expedite the process. At a special meeting of COA’s Board of Trustees on March 11, 2013, the trustees accepted the student proposal. On March 12, 2013, less than 24 hours after the divestiture resolution was passed, the college fully divested its approximately $1 million in fossil fuel-related investments.
Read more about fossil fuel divestment at the COA News blog.