160 faculty members join call for fossil fuel divestment at B.C.’s University of Victoria

Professors at the University of Victoria (UVic) are demanding the school’s administration freeze all new investment in fossil fuels and initiate a three-year divestment of all fossil fuel holdings. The university endowment fund has approximately $21 million currently invested in fossil fuels. In an open letter addressed to Lisa Hill, Chair of the University of Victoria Foundation and copied to university president Jamie Cassels, faculty members voiced concerns over the ethical and financial viability of fossil fuel investments, noting “the growing North American movement, led by students, to see their universities act as moral leaders for their communities by disinvesting from such companies.” The full list of signatories can be seen here.