MAINE PUBLIC • April 29, 2022
On Thursday, the investment committee for the University of Maine System's board of trustees approved two steps that it framed as major milestones in its commitment to address climate change. The first is a short-term change: to divest from all direct fossil fuel investments by May 31, and make no such investments moving forward. But that still leaves open other funds held by the system, such as mutual funds and commingled funds, that may have some limited exposure to fossil fuels. The system has set a goal of divesting from those accounts by 2030.