Tag: Divestment

Divestment is not “symbolic,” it’s necessary

Following McGill’s most recent refusal to divest, tenured McGill professor Gregory Mikkelson has resigned from his position. Principal and Vice-Chancellor Suzanne Fortier defended the university’s decision to remain invested in the fossil fuel industry, stating that the university’s commitment to decarbonization would be more valuable than a “symbolic” divestment from[Read More…]

climate

A case against divestment

On Oct. 10, McGill’s administration held a soirée in celebration of the McGill Sustainability Projects Fund’s (SPF) 10th anniversary. Since its creation, the fund has sponsored a variety of projects related to campus sustainability, ranging from mental health campaigns to climate change sensibilisation. The existence of the SPF, however, does[Read More…]

CAMSR reconsidering divestment

The Committee to Advise on Matters of Social Responsibility (CAMSR), a governance body mandated to make recommendations to the McGill Board of Governors (BoG) on socially-responsible investing, announced on Nov. 1 that it would be compiling a second investigation into divestment from fossil fuels. CAMSR decided to reconsider their stance[Read More…]

What is divestment?

On Sept. 12, the McGill Senate voted to support divestment from fossil fuels. While the term ‘divestment’ is ubiquitous on McGill’s campus, its meaning and implications remain foggy to many. To maintain financial stability, the Senate reports that McGill invests part of its $1.6 billion endowment into fossil fuel firms.[Read More…]

Divest McGill Illustration

McGill Senate votes to support divestment from fossil fuels

The McGill University Senate—the governing body responsible for academic policy on campus—approved a motion endorsing divestment from fossil fuels on Sept. 12. Senators also delivered four annual progress reports relevant to academic matters, including an update on the Policy on Harassment, Sexual Harassment and Discrimination Prohibited by Law. Determination of[Read More…]

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