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Middlebury to Consider Fossil Fuel Divestment Bronwyn Oatley and Kelsey Collins on December 20, 2012 - 3:46 PM ET In the wake of a high-profile student protest and amid a growing university movement to combat climate change, Middlebury College announced in early December that it would initiate steps to address the feasibility of divesting its endowment from the fossil fuel industry.

IEA acknowledges fossil fuel reserves climate crunch Nov12 Lorne Stockman The International Energy Agency released its annual flagship publication today, the World Energy Outlook. The IEA made an historic statement in the executive summary. It said, “No more than one-third of proven reserves of fossil fuels can be consumed prior to 2050 if the world is to achieve the 2 °C goal”, the internationally recognized limit to average global warming in order to prevent catastrophic climate change. Let me rephrase that.  Over two-thirds of today’s proven reserves of fossil fuels need to still be in the ground in 2050 in order to prevent catastrophic levels of climate change.

An endowment of $1 billion that excluded fossil fuel companies would have grown to $2.26 billion over the past 10 years, but an endowment that included investments in fossil fuel companies would have grown to $2.14 billion. That extra $119 million could pay for 850 four-year scholarships, assuming tuition of $35,000 per year.

Fossil Fuel Divestment Is A Timely Issue For Investors 1 comments, 0 called-out Comment Now Follow Comments Following Comments Unfollow Comments

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