UWinnipeg creates green investment fund, faces criticism from students

Reposted from: The Academica Group. Originally posted on June 30, 2016

Representatives from the student group Divest UWinnipeg have criticized the school’s decision to pursue strategic alternatives to a full divestment from fossil fuels. The university has been consulting with the group for the past year. The group has asked the University of Winnipeg Foundation and pension board of trustees to end all investments in stocks and bonds of fossil fuel companies. This Monday, the school’s board of regents asked the foundation to instead create a responsible investment policy that applies environmental, social, and governance criteria. “The U of W’s choice not to divest from fossil fuels represents a contradiction with its commitments to sustainability, Indigenization and, ultimately, reconciliation,” said UWinnipeg Student Association Preisdent Kevin Settee. UWinnipeg Senior Executive Officer Chris Minaker responded that the school “has adopted a balanced approach to the divestment issue which is consistent with actions taken by other universities in Canada.”

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