News & Notes: Dartmouth alumni demand college divest from fossil fuels| Apr 14, 2015
Dartmouth alumni released an open letter on April 2 demanding that Dartmouth president Phil Hanlon, the Board of Trustees and the Advisory Committee on Investment Responsibility divest from fossil fuels, The Dartmouth reported.
The signatories were 79 Dartmouth alumni who said they would donate to the Multi-School Fossil Free Divestment Fund instead of the Annual Fund.
Divest Dartmouth, a student-run organization, joined divestment groups from 16 other colleges to create theMulti-School Fossil Free Divestment Fund in December.
The new fund calls for the involved Universities to immediately cease new investments — and divest from current holdings — in the fossil fuel companies within the next five years. The fund aims to pressure universities by collecting tax-deductible donations that will be given to the universities only if they divest from fossil fuels by Dec. 31, 2017.
According to The Dartmouth, Dartmouth alumni are trying to get more people to sign the letter and donate to the divestment fund. The next steps will be discussed at an upcoming conference call.