Carleton College will start to “reduce its exposure” to fossil fuel companies, according to a joint statement from Carleton president Alison Byerly and Board of Trustees chairman Wally Weitz.
The college’s Board of Trustees voted Thursday to immediately eliminate all the institution’s direct holdings in fossil fuel companies and pledged not to make any new investments in private funds that focus on oil and gas holdings, according to Byerly and Weitz’s statement.