Reposted from Academica Top Ten (http://academica.ca/topten) Originally published March 10th, 2016
The Student and Faculty Associations at the University of Winnipeg have asked the school to withdraw all of its investments in fossil fuels. The request applies specifically to fossil fuel stocks currently included in the portfolios of the University of Winnipeg Foundation and the school’s pension fund. The university reportedly has almost $2.6 M, or 5% of its foundation endowment invested in oil, gas, or coal industries, while the value of such investments contained in the pension fund is unknown. A public forum involving representatives from the community, the faculty, and the student body was held at the school yesterday to discuss the current and future direction of the divestment movement.