Vt. college students support divestment legislation - WCAX.COM Local Vermont News, Weather and Sports-

Vt. college students support divestment legislation

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MONTPELIER, Vt. (AP) - University of Vermont student Josh Gachette says fellow Vermont college students are "at the helm" of the college divestment movement.

Students from three Vermont colleges joined Gachette on Thursday at the Statehouse to support legislation that would divest the state pension fund of stocks from top fossil fuel companies.

Vermont State Treasurer Beth Pearce shares the climate concerns of college students advocating for divestment, but says divestment from fossil fuels would cause "sizable" impact, with losses up to $11 million annually for the state pension fund.

Pearce will propose the addition of a fossil-free mutual fund investment option for state pension recipients in early February

Sen. Anthony Pollina, a co-sponsor of the divestment legislation, says he does not consider Pearce's proposal an alternative to cutting stocks in fossil fuels.

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