"On October 27, University of Toronto (UofT) President Meric Gertler announced the university’s commitment to divest from fossil fuel companies within its endowment fund of $4 billion, citing findings from the United Nations and the World Health Organization on the impending climate crisis which “now demands bold actions that have both substantive and symbolic impact.” This divestment includes a pledge to divest from all direct investments in fossil fuel companies within the next 12 months... This decision follows those of many other universities across Canada and the United States in the past few years, including Concordia University in 2019 and Harvard University this past September....As of 2021, approximately 220 postsecondary institutions have divested from the fossil fuel industry. UofT’s decision was motivated by its perceived role as a leading academic institution to meet the “urgent challenge” of the climate crisis and its responsibility for the detrimental effects that will “disproportionately fall on students and generations of future students and children around the world.”"
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
UofT Divests from Fossil Fuels, by Elsie Yang, McGill Dailey, December 1, 2021
https://en.wikiquote.org/wiki/Investment
Revision History
No revisions have been submitted for this quote.
Categories
Investment
40 quotes on TrueQuotesView all quotes by Investment →
Related Quotes
"The decision to curb support follows an exodus of major institutional investors from the coal industry in recent year…"
"The UK’s biggest pension fund, the government-backed National Employment Savings Trust (Nest) scheme with nine millio…"
"The ban will mean that some of the world’s biggest mining companies, such as BHP, can never be part of Nest’s share h…"
"SWA Magazine: How about orbital space colonies? Do you see these facilities being built or is the government going to…"
"The owners of savings not finding, in adequate quantities, their usual kind of investments, rush into anything that p…"
"The line separating investment and speculation, which is never bright and clear, becomes blurred still further when m…"
"Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac’s talents didn’…"
"... there are three connected realities that cause investing success to breed failure. First, a good record quickly a…"
"With all the clever brains in America it would be great to see more investment and focus on this essential research!"
"The UK government’s overseas development bank has bowed to calls to end fossil fuel financing abroad by promising to …"