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.”

uWinnipeg Student, Faculty Associations call for fossil fuel divestment

Reposted from Academica Top Ten (http://academica.ca/toptenOriginally published March 10th, 2016

The Student and Faculty Associations at the University of Winnipeg have asked the school to withdraw all of its investments in fossil fuels. The request applies specifically to fossil fuel stocks currently included in the portfolios of the University of Winnipeg Foundation and the school’s pension fund. The university reportedly has almost $2.6 M, or 5% of its foundation endowment invested in oil, gas, or coal industries, while the value of such investments contained in the pension fund is unknown. A public forum involving representatives from the community, the faculty, and the student body was held at the school yesterday to discuss the current and future direction of the divestment movement.

UBC rejects divestment proposal, proposes $10 M sustainability fund

Reposted from Academia.edu. Originally published February 5, 2016

The University of British Columbia has reportedly proposed a $10 M sustainability fund instead of divesting from fossil fuel companies, despite last year’s majority vote by both UBC students and faculty in favour of fossil fuel divestment. The decision was frustrating, said UBCC350 Co-ordinator and UBC student Alex Hemingway, “what we’ve seen at UBC is two decisive referendum votes from faculty and staff in favour of divestment that the committee has chosen to ignore.” UBC Vice-president of External Relations and Communications Philip Steenkamp released a statement saying that the finance committee had concluded that divestment may not have its desired impact on climate change or corporate behaviour, and “would not be consistent with the board’s fiduciary obligation to endowment donors.” The board of governors will reportedly vote on the proposal on February 15th.