University of Toronto’s environment school cuts financial ties to fossil fuels (www.theguardian.com)

submitted 1 day ago by MicroWave@lemmy.world to c/world@lemmy.world

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Princeton University, the only other North American school to do so, rolled back its commitment recently

The University of Toronto's environment school has announced it will financially dissociate from fossil fuel companies, in a landmark win for climate activists.

The institution has committed to stop taking funds from the sector for research, sponsorships, scholarships or infrastructure such as buildings. It will also halt collaborations with the industry on events and school initiatives and cease to host fossil fuel recruitment events, while working to "increase transparency about the our funding, donations, and partnerships".

The decision makes University of Toronto's School of the Environment the only academic institution in North America with a commitment to fossil fuel dissociation. Princeton University made such a commitment in 2022 but walked it back this month.

The school's decision came after months of pressure from climate advocates on and off campus.

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[-] FlyingSquid@lemmy.world 8 points 1 day ago

The fact that the environment school had them in the first place is just depressing.

[-] masterofn001@lemmy.ca 4 points 1 day ago

I would love to see the Ontario teachers pension plan divest as well.

They are one of the wealthiest pension investment groups in the world ($255 billion) and have enormous investments in tech and energy sectors.

https://www.otpp.com/en-ca/about-us/news-and-insights/2020/adnoc-announces-20-7-billion-energy-infrastructure-deal/

https://www.otpp.com/en-ca/investments/our-advantage/our-performance-and-track-record/major-investments/

[-] MediaBiasFactChecker@lemmy.world -3 points 1 day ago

The Guardian - News Source Context (Click to view Full Report)

Information for The Guardian:

MBFC: Left-Center - Credibility: Medium - Factual Reporting: Mixed - United Kingdom
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https://www.theguardian.com/environment/fossil-fuels
https://www.theguardian.com/us-news/2024/oct/20/university-toronto-financially-dissociate-fossil-fuels

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this post was submitted on 21 Oct 2024

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