Pushed by students, universities lead on fossil fuel divestment. Who will push foundations?
In late October, the University of Toronto announced that it will divest its $4 billion endowment from fossil fuels.
Why It Matters
Climate change is an existential threat and it’s powered by the burning of fossil fuels. Experts say that a wave of fossil fuel divestment proclamations amongst Canadian foundations could send a powerful signal to other investors, government and media, that fossil fuels are on the way out — and could also better align foundation’s investment dollars with their social missions.
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