Yesterday, Quebec’s Université Laval announced that it will become Canada’s first university to fully divest from fossil fuels:
“Today, Université Laval commits to taking responsible action to switch its endowment fund investments in fossil energy to other types of investments, such as renewable energy,” announced Éric Bauce, Executive Vice Rector in charge of sustainable development, while confirming that Université Laval is the first university in Canada to do so. To do this, Université Laval will form a responsible investment advisory committee, including student representatives, who will be tasked with recommending methods, practices, and actions. Furthermore, an annual progress report on the investment transition will be released.”
The student group which successfully campaigned for divestment — ULaval sans fossiles — has been organizing since November.