350 UBC
UBC 350 activists

Campus divestment campaign’s investment in young activists

When Sarah Mitchell arrived at McGill in the fall of 2014, she was surprised to see Shell’s logo emblazoned on the second page of her student agenda. As a student at McGill’s faculty of sustainable engineering, she had assumed that her department had limited ties with extractive industries. She was surprised again when she later realized that McGill was still tied to fossil fuels through its investments. The campaign for divestment from fossil fuels at McGill had started in 2012, when Sarah was still in high school. By the time she arrived on campus, she assumed McGill had divested long before.

Yet even as universities across Canada adopt an aesthetic of sustainability, divestment activists suggest that by eschewing divestment thus far, they’ve opted out of substantive action on climate change.

Organized worldwide through 350.org, fossil fuel divestment campaigns take different forms, but generally aim to divert the investments institutions have in the top 200 carbon-emitting companies, including BP and Exxonmobil. In the U.K., both the University of Glasgow and the University of Bedfordshire have committed to divestment. Success has not been confined to the U.K.; in 2014, Stanford divested from coal mining companies, and six other colleges — though none with endowments larger than $1 billion USD have committed to divestment.

Yet as student groups across Canada call on their own schools to divest from fossil fuels, universities have equivocated, emphasizing the sustainability of their campuses and bemoaning financial difficulties.

Late last year, Concordia University claimed to partially divest from fossil fuels by establishing a $5-million fund in support of renewable energies. The university’s separate $95-million endowment continues to hold stocks in coal, oil and gas.

As of 2015, no Canadian university has fully divested. …more

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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)

Let’s Save Each Other

Let’s Save Each Other

Illustration by Stephanie McMillan. Used with permission