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Pros and cons of university divestment from fossil fuels

Pros and cons of university divestment from fossil fuels
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UVic's divestment shouldn't come as a surprise

UVic’s divestment shouldn’t come as a surprise
Divest UVic spent years advocating for this huge win
Protesters temporarily blocked Ring Road on Jan. 3 2019 while waiting for the Board of Governors to arrive. Photo by Joshua Ngenda.
UVic’s divestment of $80 million from the Working Capital Fund was a welcome surprise for many. One year into their ten-year responsible investment policy, the board of governors announced a sudden change of course to full divestment. But let’s be honest: should we really be surprised if an eight-year movement with over 70% support amongst faculty and students finally garnered some tangible changes in the university? ....

Jason Hemmerling , Juliet Watts , Ida Jorgenson , Joshua Ngenda , Emily Theissen , Kevin Hall , Peter Gibbs , Gillian Wiley , Malkom Boothyoyd , David Turpin , Nat Karpovskia , James Rowe , Capital Fund , University Of Victoria Foundation , Carbon Tracker Initiative , Ring Road , Working Capital Fund , Michael Williams Building , Associate Professor James Rowe , Helena Price , Elora Adamson , Emily Lowan , Victoria Foundation , ஜேசன் சுத்தியல் , ஜூலியட் வாட்ஸ் , ஐடா ஜார்ஜென்சன் ,

After years of pressure, UVic drops fossil-fuel investments

“We are acting on our commitment to address climate change in every domain at UVic, including through our investments,” said UVic treasurer Andrew Coward. “The opportunity to invest in renewable power is clear and it aligns with UVic’s responsible investment strategy, allowing for support of future technologies while also ensuring a strong financial return.”
The investaments allow the university to lower the carbon footprint of its investments, he said, “which helps to mitigate the investment risk associated with climate change as society transitions to a greener economy that is focused on reducing greenhouse gas emissions.”
Both the UVic Students’ Society and Divest UVic called the development a “major victory” following an eight-year fight to stop the university from investing in the fossil-fuel industry. ....

Penghu Xian , Kevin Hall , University Of Victoria , United Nations Sustainable Development Goals , Term Endowment Fund , University Of Victoria Foundation , Uvic Student Society , Student Society , Emily Lowan , Blackrock Global Renewable Power , United Nations Sustainable Development , Victoria Foundation , Long Term Endowment , கருப்பு பாறை , கெவின் மண்டபம் , பல்கலைக்கழகம் ஆஃப் விக்டோரியா , ஒன்றுபட்டது நாடுகள் நிலையான வளர்ச்சி இலக்குகள் , கால ஆஸ்தி நிதி , பல்கலைக்கழகம் ஆஃப் விக்டோரியா அடித்தளம் , ஊவிக் மாணவர் சமூகம் , மாணவர் சமூகம் , கருப்பு பாறை உலகளாவிய புதுப்பிக்கத்தக்க பவர் , ஒன்றுபட்டது நாடுகள் நிலையான வளர்ச்சி , விக்டோரியா அடித்தளம் , நீண்டது கால ஆஸ்தி ,