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Barnard College to Punish Companies That Deny Climate Change

Barnard College to Punish Companies That Deny Climate Change
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By    |   Friday, 15 December 2017 01:14 PM

Barnard College — a private women's liberal arts school in New York City — is gearing up to pull its investments from companies that won't recognize climate change and those that mine coal and tar sands.

The school announced this week that it will partner with Fossil Free Indexes, a research company that provides investment strategies to lessen the effects of climate change, The Columbia Spectator reports.

"Barnard has been engaged in thinking creatively and responsively about the challenge of protecting our environment … [This will] make our values clear to investors asked to manage our endowment," Barnard's Chief Operating Officer Robert Goldberg said in an email released Tuesday.

Under the plan, Fossil Free Indexes, will "analyze a subset of companies from their Carbon Underground 200, which lists the top coal, oil, and gas reserve holders worldwide, and develop a set of action steps that will allow for more informed divestment," according to The Spectator.

The announcement comes after the activist group Divest Barnard, comprised of students, faculty, and administrators, demanded the school divest from fossil fuels. Barnard's move is similar to those of other colleges and universities across the nation.

Barnard, founded in 1889, is one of the oldest women's colleges in the world.

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Barnard College — a private women's liberal arts school in New York City — is gearing up to pull its investments from companies that won't recognize climate change and those that mine coal and tar sands.
barnard college, punish, companies, deny, climate change, womens college
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2017-14-15
Friday, 15 December 2017 01:14 PM
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