Climate Changed
Barnard College Endowment to Divest From Climate Change Deniers
- School trustees voted to sell fossil fuel companies in fund
- Plan puts into question relationship with manager Investure
This article is for subscribers only.
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.