SFU risks losing public funds meant for students and world-class education for no climate gain.

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Setting the record straight on the day’s top anti-oil and gas media stories

ACTIVIST CLAIM: Simon Fraser University commits to full divestment from oil and gas claiming it will combat climate change.

THE FACTS:   SFU risks losing public funds meant for students and world-class education for no climate gain.

THE SOURCES:

SFU COMMITS TO FULL DIVESTMENT FROM FOSSIL FUELS

  • The oil and gas divestment movement at SFU was started by SFU 350, an offshoot of Bill McKibben’s U.S. organization 350.org, a heavily biased group whose entire focus is to end the oil and gas industry, not provide actual investment advice
    https://350.org/
  • SFU is using public funds to support its political cause. Divestment does not change demand it shifts supply to countries that are less transparent, less socially responsible, and with higher emissions and pollution.
    https://www.investnow.org/divestment-vs-investment/

 

 


Stories that get it right

COP26: OPEC’s Middle East heavyweights make their case for oil in the energy transition

As the Government of Canada signals that it may start winding down its responsible energy production, OPEC nations are calling the bluffs of UN climate commitments. OPEC+ officials note the energy crisis currently unfolding is the consequence of an ill-advised shunning of hydrocarbon investment driven by emissions-conscious western companies and heightened by the pandemic. While we lose our market share, others want to make up for the lack of supply

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