CRAFTSBURY, Vt. (AP) - Vermont's tiny Sterling College says it's going to divest its endowment of stocks in fossil fuel companies as a way to help combat global warming.
Sterling College says it will be the first college in Vermont and the third college in the United States to divest from the 200 fossil fuel companies identified as part of an effort by activists to move higher education toward fossil-free investment.
The Sterling board of trustees voted unanimously Feb. 2 to proceed with divestment. Sterling's endowment is about $920,000 but the school did not say how much of it is in fossil fuel stocks.
Sterling President Matthew Derr says the college's focus on food, water, health, energy, and sustainable agricultural compel it to divest.
Derr says they hope to inspire other colleges and universities to divest their fossil fuels stocks.
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