Brevard College Will Pull Investments Out of Fossil Fuels
Brevard College is pulling all of the school's investments out of fossil fuels to make a public statement that something has to be done about climate change.
The Asheville Citizen-Times reports that trustees voted Friday to get rid of any investment in fossil fuels from the college's $25 million endowment. Officials estimate about 4 percent of the Transylvania County school's portfolio is in fossil fuels like coal.
College President David Joyce says students first came to trustees in 2013. He says he is proud that they matched the action with the school's mission statement that it values social action.
Brevard College says it is the first school in the Southeast to pull investments from fossil fuels and one of 20 nationwide.
The college has about 700 students.