John Cook and Andrew Heintzman on fossil fuel divestment

2014-12-25

in Canada, Economics, Politics, The environment, Toronto

Yesterday, The Globe and Mail published an encouraging article on fossil fuel divestment:

As University of Toronto student Ben Donato-Woodger recently said, “It is a structural injustice against young people to have people who won’t be paying the price make judgments that will harm the next generation. Failing to divest would be a clear act of not caring about their students.”

The article also points out how: “In the past five years, the TSX with all its oil and gas constituents has significantly underperformed the TSX 60 excluding fossil companies” and “Over the past 10 years, the performance is almost identical with or without oil and gas in the index”.

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