U of T President Meric Gertler rejects fossil fuel divestment


in Canada, Economics, Politics, The environment, Toronto

Back in December, an expert committee appointed by President Gertler recommended divestment from fossil fuel companies based on a range of criteria.

Today, that approach was rejected by President Gertler, who proposed instead a vague eventual screening of investments based on “environmental, social, and governance” factors.

Toronto350.org has a press release, and is working on a broader response.

Between the committee’s recommendation and the president’s decision, we issued a Community Response, which is essentially not addressed in the president’s decision.

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{ 7 comments… read them below or add one }

Milan March 30, 2016 at 2:57 pm
. March 30, 2016 at 3:37 pm
. March 30, 2016 at 4:24 pm
alena March 30, 2016 at 5:27 pm

I am very sad to hear about President Gertler’s decision on divestment. The University had an opportunity to be a leader in the fight against catastrophic global warming. I am certain that this is only the beginning of a movement that will not go away and you and your colleagues have started the dialogue in a most compelling way. The Ad hoc committee clearly agreed with you. It takes dedication and courage to do what you do.

. April 1, 2016 at 7:32 pm
oleh April 4, 2016 at 10:14 am

The hard and sustained work of you and your colleagues resulted in the University being forced to deal with the issue. I know how hard and persistently you and your colleagues worked on this issue. The result of the Ad Hoc Committee’s recommendation was and remains a considerable success. The presidents watering down those recommendations into a factor to consider is disappointing. Well done for achieving what you and your colleagues have achieved.

Milan May 8, 2016 at 9:00 pm

It’s notable that the members of President Gertler’s own expert committee publicly spoke out against his decision:

The Varsity – U of T student newspaper: Op-ed: An open letter to the University of Toronto on fossil fuel divestment (In defense of the Toronto principle)

Letter to The Globe and Mail: A committee replies

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