What is fossil fuel divestment?
Divestment is an international movement for institutions like universities, churches, and pension funds to withdraw their investments from fossil fuel companies. At the University of Winnipeg, your students’ association alongside a coalition of student groups and faculty are calling on our University to become the first institution in Manitoba to fully divest.
Check out Divestment Dialogue on Campus on March 9. Read more here
Why is it important?
In order to avoid climate catastrophe, we must limit global warming to 2 degrees Celsius. Fossil fuel companies are prepared to burn five times the amount of carbon that would bring us to this critical point. These companies are also pushing for dangerous projects, including proposed pipelines like Energy East, that threaten the health and environmental well-being of communities.
The U of W takes pride in being an eco-friendly University, with a commitment to reduce its carbon footprint. We’re asking the University to fully live up to this by freezing any new investments from fossil fuel companies and completely divesting within 3 years (about $3 million of the UW Foundation is invested in fossil fuel and related industries).
Where are we now?
In March, UW President Dr. Trimbee committed to undertaking a risk assessment of fossil fuel divestment, which will be taking place this summer. Following its conclusion, a report on divestment will be published followed by a period of public engagement with students, staff and faculty.
How can I help?
The DivestUW action group meets regularly to develop the campaign on campus. Since January, we’ve had a launch week that featured workshops and film screenings, plus creative actions like “break up with fossil fuels” cards for Valentine’s Day. If you’re interested in getting involved, email VP External Affairs at firstname.lastname@example.org
I want to learn more!
Check out gofossilfree.ca for a wealth of information about the campaign.