Katic: UBC’s fossil fuel investments

Does this bother you?

That’s over 4.5 million in oil and gas investments. (Read the full report [pdf]).

Bill McKibben thinks we might want to change this:

If their college’s endowment portfolio has fossil-fuel stock, then their educations are being subsidized by investments that guarantee they won’t have much of a planet on which to make use of their degree. (The same logic applies to the world’s largest investors, pension funds, which are also theoretically interested in the future – that’s when their members will “enjoy their retirement.”) “Given the severity of the climate crisis, a comparable demand that our institutions dump stock from companies that are destroying the planet would not only be appropriate but effective,” says Bob Massie, a former anti-apartheid activist who helped found the Investor Network on Climate Risk. “The message is simple: We have had enough. We must sever the ties with those who profit from climate change – now.”

Gordon Katic (@gordonkatic) has been student coordinator for the Terry Project for over two years, and in that time started BARtalk, and the Terry Project on CiTR 101.9FM. A former Ubyssey columnist, and now a student at the UBC Graduate School of Journalism, Gordon is trying to use journalism to tell important stories about global issues.

Related Topics

terryman

Gordon Katic (@gordonkatic) has been student coordinator for the Terry Project for over two years, and in that time started BARtalk, and the Terry Project on CiTR 101.9FM. A former Ubyssey columnist, and now a student at the UBC Graduate School of Journalism, Gordon is trying to use journalism to tell important stories about global issues.

Leave a Reply

Basic HTML is allowed. Your email address will not be published.

Subscribe to this comment feed via RSS

This site uses Akismet to reduce spam. Learn how your comment data is processed.