Image: An oil sands project in Alberta
UVic takes a big step toward fossil fuel divestment, but there’s still a UVic endowment fund of $440 million that is invested in fossil fuels. Go to story...
But there’s still a UVic endowment fund of $440 million that is invested in fossil fuels.
James Rowe, Jeff Corntassel and Emily Lowan
IN A BREAKTHROUGH for the fossil fuel divestment movement, the University of Victoria announced this week that it planned to fully divest one of its two primary investment funds—a $256 million working capital fund managed by its board of governors—from fossil fuels.
With this decision, the University of Victoria joins other Canadian universities that have divested for a mixture of financial, moral, and reputational reasons, namely, Guelph,