The University of Toronto will divest from fossil fuels as part of its commitment to combatting climate change, the school announced Wednesday.
Meric Gertler, the university president, said in a letter to the university community that universities have an economic imperative and moral obligation to invest their assets in ways that will encourage the reduction of carbon emissions. Harvard University announced last month that its endowment fund, now worth US$53.2-billion, would divest its remaining fossil fuel holdings.
Why not right away? Canada FossilFuels
its all 'sky is falling, every panic' until it comes time to pay the bills. Then we realize we need to keep our investments for 9 more years, long enough for people to forget this little exercise in self virtue.
so how is this Trudeau's fault? See more Conservative hysteria with erinotoole and jkenney (I mean... Jason '22%' Kenney)... The world is moving on... we have rough seas ahead. Maybe these two should quit bitching and start rowing.
Why they waiting so long? Doesn’t emergency mean act now?
The University of Toronto should lead with the cancellation of their Enbridge natural gas account, followed by a major purchase of as many sets of 'pure laine' wool underwear as it takes to keep their hothouse faculty and students warm this winter.
Hmm. If you bought Canadian fossil fuel stocks on January 1st you would be up about 120% by now. Oil and gas prices are still going up. Supply and demand. Forget about it. It’s only the endowment fund.
Not seeing anything in this story to say that UofT buildings will NOT be heated with fossil fuels by 2030. Does this Board really believe we can survive in our mostly cold climate without petroleum products by 2030? Those people are living in their fantasy land called academia.
Why wait? Do it and by ev shares
Umm EVERYONE will sell off their fossil fuel stock by then.. its a dying industry
Do it now! Be a leader!!
Stupid!!
Education Education Latest News, Education Education Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: globeandmail - 🏆 5. / 92 Read more »