Colorado college foundation rejects divestment

Stefanie Botelho's picture
Thursday, May 1, 2014

Fort Lewis College Foundation board members Tuesday declined to pull foundation money out of investments in coal, oil and natural gas as requested by a student group.

The unanimous decision was a setback for FLC Divest Now, which wanted the foundation over five years to withdraw investments in any of 200 companies that deal in fossil fuels.

The foundation’s investment in fossil fuels totals about $150,000 in a $17.2 million portfolio.

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