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Tuesday, January 27, 2015

Listen up! The future speaks...

"After two years of student organizing, the University of Maine state-wide system on Monday became the first public land grant institution—and first university system—in the United States to divest any of its fossil fuel holdings, in step with world-wide grassroots efforts to take on the powerful industries driving global warming. "This is an exciting new precedent for public institutions, which must be responsible participants in broader society, which requires acknowledging their role in investing in an industry that has a track record of driving climate change and exploiting communities, disproportionately low-income and communities of color," Meaghan LaSala, organizer with Divest UMaine, told Common Dreams. 

The University of Maine System Board of Trustees unanimously voted on Monday to dump all of its direct holdings from coal companies, with every trustee and several presidents speaking in favor of the measure. Students are heralding the move as an important victory, but still incomplete, as it will not impact coal stocks in co-mingled funds. "We have to take victories as they come, but the end goal is complete fossil fuel divestment, and we will keep working towards that," Iris SanGiovanni, student at the University of Southern Maine and organizer with Divest UMaine, told Common Dreams."

http://www.commondreams.org/news/2015/01/26/setting-precedent-public-institutions-maine-university-system-pulls-funds-fossil