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College fossil-fuel divestment movement builds

1:38 PM, May 22, 2013   |    comments
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SWARTHMORE, Pa. -- In an effort to slow the pace of climate change, students at more than 200 colleges are asking their schools to stop investing in fossil fuel companies.

The Fossil Free campaign argues that if it's wrong to pour pollution into the air and contribute to climate change, it's also wrong to profit from that pollution.

The strategy, modeled after anti-apartheid campaigns of the 1980s, aims to limit the flow of capital to fossil fuel companies by making their stocks morally and financially unattractive.

But industry groups say virtually everyone benefits from fossil fuels -including students.

Jason Hayes, a spokesman for the American Coal Council, says virtually every student is using electronic devices that are powered by coal-fired electricity.

Administrators at some schools also say divestment would hurt their endowments.

JOANN LOVIGLIO

Associated Press

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