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UMass President Marty Meehan On Divesting From Fossil Fuels09:20
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Marty Meehan says divestment is one piece of the university's response to climate change and environmental concerns. (Stephan Savoia/AP)
Marty Meehan says divestment is one piece of the university's response to climate change and environmental concerns. (Stephan Savoia/AP)
This article is more than 4 years old.

The Board of Directors of the University of Massachusetts Foundation has announced that it will sell off its fossil fuel holdings from its endowment, making them the first major public university to do so.

The decision by the board was unanimous. It affects about $5 million worth of direct investment in fossil fuel companies, part of the university's $770 million endowment.

We spoke to Marty Meehan, president of the University of Massachusetts, about that decision. He also responded to the Pioneer Institute's report criticizing the university for its out-of-state student recruitment.

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Marty Meehan, president of the University of Massachusetts. He tweets @MartyMeehan.

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The Boston Globe: UMass Endowment To Sell Off Holdings Of Fossil Fuel Industry

  • "The University of Massachusetts endowment will sell off its fossil fuel holdings, officials announced Wednesday, marking a victory for advocates of divestment amid a nationwide surge of student activism in the fight against climate change."

The Boston Globe: UMass Foundation To End Investments In Coal

  • "UMass becomes the second public university system in the region, after the University of Maine, to pledge to divest from the coal industry, according to the group Fossil Free, an international network of campaigns and campaigners working toward fossil fuel divestment."

This segment aired on May 26, 2016.

Anthony Brooks Twitter Senior Political Reporter
Anthony Brooks is WBUR's senior political reporter.

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Alison Bruzek was a producer for Radio Boston.

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