The University of Victoria Foundation is risking investment returns meant for students while doing nothing in return for the environment.

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

CLAIM: The University of Victoria Foundation claims reducing investment in oil and gas will result in long term growth potential and climate benefits

THE FACTS:   The University of Victoria Foundation is risking investment returns meant for students while doing nothing in return for the environment.

THE SOURCES:

Fossil fuel stocks reduced–new decarbonization target for portfolio


Here are some facts and sources to have a reasoned conversation about divestment

  • The oil and gas divestment movement is a project 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/
  • The UVic Foundation 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

Check out this video from Resource Works about the origins of the blockade protestors:

 


 

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