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BAR HARBOR (AP) — College of the Atlantic is selling its investments in fossil fuelrelated businesses such as oil, gas and coal companies.

It becomes the second Maine college to do so: The Unity College Board of Trustees voted to divest from fossil fuels last year.

At a special meeting Monday, College of the Atlantic trustees accepted a student proposal calling on the college to divest itself of those investments in an effort to combat global warming and affirm its commitment to the environment.

Second-year student Lucas Burdick, who led the divestment campaign, said divestment is nothing more than reinvestment and doesn’t mean the school will lose money or have to raise tuition.

The college says about $1 million of its $30 million endowment was invested in fossil fuel companies.

Locally, a petition asking Bowdoin trustees to consider the issue had 470 signatures — nearly a quarter of the student population — at the end of 2012. College President Barry Mills is on record opposing divestiture of fossil fuel investments.

Nationwide, Bowdoin activists say, 256 colleges and universities are asking their administrations to divest from fossil fuels.



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