uvicdivest

160 faculty members join call for fossil fuel divestment at B.C.’s University of Victoria

Professors at the University of Victoria (UVic) are demanding the school’s administration freeze all new investment in fossil fuels and initiate a three-year divestment of all fossil fuel holdings. The university endowment fund has approximately $21 million currently invested in fossil fuels. In an open letter addressed to Lisa Hill, Chair of the University of Victoria Foundation and copied to university president Jamie Cassels, faculty members voiced concerns over the ethical and financial viability of fossil fuel investments, noting “the growing North American movement, led by students, to see their universities act as moral leaders for their communities by disinvesting from such companies.” The full list of signatories can be seen here.

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On Sept 19, 2023 ahead of the Climate Ambition Summit in New York City, climate activists gathered for a rally and civil disobedience outside Bank of America Tower in Midtown Manhattan as part of the March to End Fossil Fuels wave of actions resulting in multiple arrests. Activists demand Bank of America to “Defund Climate Chaos and Defend Human Rights” Photo: Erik McGregor (CC BY-NC 2.0 Deed)

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Let’s Save Each Other

Illustration by Stephanie McMillan. Used with permission