Amherst College vows divestment from fossil fuels by 2030 Amherst College GAZETTE FILE PHOTO Published: 4/1/2021 7:42:33 PM AMHERST — Amherst College is pledging to make no new investments in gas and oil and fully divest its nearly $2.5 billion endowment from fossil fuel investment funds by around 2030. In a letter sent to students, faculty, staff and alumni Wednesday, board of trustees Chairman Andrew J. Nussbaum announced the decisions made by the board to bring the college closer to sustainability and meeting the goals of its Climate Action Plan. “This announcement largely formalizes actions that have been in place for years,” Nussbaum wrote. “We have neither held direct investments in fossil fuel companies nor made new commitments to fossil fuel funds in over two years.”