Jan 27 (Reuters) – The University of Maine Board of Trustees has unanimously agreed to divest from direct holdings in coal-mining companies.
The board’s decision was influenced by the threat and potential costs of climate change, the steady decline of coal as a non-renewable resource and the emergence of new green technologies, the university said in a statement on Monday.
Iris SanGiovanni, a member of Divest UMaine, a coalition of students, faculty and alumni from the University of Maine and the University of Southern Maine that advocates for divestment, said the group was “ecstatic that the Board of Trustees made the right decision.”
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