Brevard College has acknowledge its continued commitment to environmental sustainability by confirming its policy to divest in fossil fuel stocks.
In 2015, Brevard College became the first academic institution in the Southeast United States to commit to full divestment from fossil fuels by 2018. Divestment means we are clearing the Brevard College endowment of stocks or other assets which have relationships with fossil fuel companies.
When the original announcement was made, less than four percent of Brevard College’s $25 million endowment was invested in fossil fuels. The issue of whether or not the college would divest began in the fall of 2013 when Dr. James Reynolds, a Geology professor, brought up the idea to faculty and students. A year later, the college’s environmental club – BC Greens – gained the attention of administrators by garnering student signatures on a petition, holding a sit-in in the school library and rallying on the lawn of the college administration building.
The importance of divestment cannot be overstated. Global warming and climate change threaten our future and that of future generations. At a time when the ocean’s temperature is increasing at more than twice the rate per decade since 1981 than it had been since 1880 (NOAA, 2020), Brevard College states it must continue to match its policies to its values in order to protect our natural resources.
Visit brevard.edu for additional information.