Motion regarding Faculty Pension

The motion reads:

Whereas the IPCC has recently stated that the majority of fossil fuel reserves are unburnable in order to avoid a climate change catastrophe and whereas the ongoing push by energy companies to continue to invest in long-term fossil fuel extraction projects are most likely to result in a carbon bubble and stranded assets as evidenced by the Carbon Tracker Initiative and whereas public pension plans worldwide are divesting from fossil fuels for these reasons,

Be it resolved that the Executive Committee ask the Pensions and Investment Office and the pension plan Board of Trustees to direct pension fund managers to divest from fossil fuels.

Be it further resolved that the Executive Committee ask the University of Victoria Foundation to divest from fossil fuels.

If you are a returning faculty member, you can vote by logging in at https://webvote.uvic.ca