CalArts Continues Its Divestment From Fossil Fuels

CalArts continues to divest from fossil fuel industries

CalArts continues to divest from fossil fuel industries

Authored

Authored

For the past few years, CalArts President Steven D. Lavine and Chief Financial Officer Don Matthewson have engaged in discussions with the Investment Sub-Committee of CalArts’ Board of Trustees, the Student Union on behalf of the student body, as well as interested faculty and staff, on ways to minimize the Institute’s exposure to fossil fuel companies in its investment portfolio.

Last December, CalArts’ administration announced a plan of action that included both long- and short-term strategies for reduction in such companies, including the revision of CalArts’ Investment Policy Statement, which reflects the importance of considering environmental, social and governance factors before making investment decisions. Read More...