Walt Fowler

Bruce Damonte / Chatham University

Chatham University is inching closer to divesting its $80 million endowment fund of investments in the fossil fuel industry.

At a recent meeting of the investment committee of the Board of Trustees, members voted to approve two new investment opportunities that are specifically aimed at excluding fossil fuels and supporting sustainable energy.

Chatham’s Senior Vice President of Finance, Walt Fowler, said reducing the university’s support of fossil fuel companies is in line with its goal of pursuing sustainability in every part of its operations.