UNIVERSITY OF TORONTO PRESIDENT REJECTS FOSSIL FUEL DIVESTMENT RECOMMENDATION

Toronto, ON - University of Toronto President Meric Gertler has rejected his own committee’s recommendation to divest from some fossil fuel companies. This decision comes at the end of three years of advocacy by the University community, including endorsements from the Faculty Association and all major campus student unions. The President instead announced that he is asking the University’s investors to consider environmental, social, and governance (ESG) factors. Continue reading

U of T Divestment Campaign Statement on UBC's Decision

TORONTO, ON — Following the release of a motion to maintain the university’s fossil fuel investments submitted to the UBC Board of Governors Finance Committee, the University of Toronto Fossil Fuel Divestment Campaign issued the following statement: Continue reading

CITIZENS CALL FOR TRUDEAU TO FIX HARPER'S NATIONAL ENERGY BOARD AT TORONTO EVENT

For Immediate Release Toronto, Board of Trade, March 27th 2015, 12:30pm CITIZENS CALL FOR TRUDEAU TO FIX HARPER’S NATIONAL ENERGY BOARD AT TORONTO EVENT Today, the CEO of the National Energy Board (NEB) will be at the Toronto Board of Trade to make an ‘important announcement about Canada’s energy future.’ Just outside of this event, a crowd of peaceful demonstrators took action to call out the illegitimacy of the NEB’s pipeline review process. The group of demonstrators, which includes students, youth and climate justice activists, held space at the registration table for the event, until escorted out by security, with placards strung around their necks. These placards displayed the following messages: Canada’s Energy Future shouldn’t ignore Climate Change Canada’s Energy Future shouldn’t ignore indigenous rights Canada’s Energy Future shouldn’t include Harper’s National Energy Board Canada’s Energy Future must have 100% Clean Energy Once escorted out, they held a mock press conference outside of the building. Yesterday the Trudeau Government announced they would require an additional climate test for the Kinder Morgan and Energy East Pipelines. While this is a victory for the directly affected communities fighting these projects, it ignores how any new fossil fuel infrastructure is incompatible with the Trudeau Government’s promise at the Paris Climate negotiations to strive to limit global warming to 1.5C. “These commitments are a great start,” said student divestment campaigner, Ben Donato-Woodger, “but the government is still trying to push through projects such as the Kinder Morgan and Energy East pipelines using the Harper government’s assessment process. If they’re committed to real action, they must redo the review process for these projects – or reject them outright given the massive Indigenous and public opposition, as well as the dire repercussions for the climate.” These demonstrators are also expressing their opposition against a pipeline review process that does not respect Indigenous rights, and one that is currently being challenged in courts by Indigenous communities such as the Tsleil-Waututh Nation. These Toronto-based activists are not alone. Hundreds of other people across Canada that have mobilized over the last two weeks in opposition to the broken pipeline review process -- including at the Kinder Morgan hearings in Burnaby, the office of the Minister of Natural Resources in Winnipeg, and at the Prime Minister’s constituency office in Montreal. “It’s 2016. Canada’s energy future needs to be powered by Indigenous and community-led renewable energy projects – not antiquated fossil fuel infrastructure.” said Suhail Barot, a Toronto engineer. Contact Information: Ben Donato-Woodger 416-320-0340 ben@toronto350.org

COP21: Ambitious Goals and the Implications of 1.5

The Paris Agreement is a landmark step to prevent global catastrophe, and moves us closer to a world free of fossil fuel burning. It is also admirable that finances are to be allocated through the Green Climate Fund to not only fight climate change, but to agree to distribute those funds on a needs basis. However, as many other environmental advocates have noted, this agreement fails on a number of key points. Notably: Continue reading

University of Toronto on Track for Largest Fossil Fuel Divestment to Date in Canada

December 16, 2015 | For Immediate Release University of Toronto on Track for Largest Fossil Fuel Divestment to Date in Canada Presidential Committee Recommends Divesting From Fossil Fuels Companies Who Will Warm the Planet by more than 1.5 ℃   Toronto, ON -A University of Toronto Committee just recommended immediate targeted divestment from fossil fuel companies whose activities “disregard a 1.5-degree threshold” of global warming. UofT is now poised to be the largest Canadian university to commit to divesting from most fossil fuel companies. The University of Toronto fossil fuel divestment campaign welcomes the Committee’s opinion that “the social injury caused by fossil fuels companies whose actions blatantly disregard the 1.5-degree threshold is clear, egregious, and inordinate.” Jade Wong, a student organizer commented on this saying, “this decision reinforces the Paris Climate Agreement’s implication that the era of fossil fuels is over.” Continue reading

U of T loses $550 million by not divesting from fossil fuels

A just-released analysis by Corporate Knights, working with 350.org and South Pole Group, has found that UofT lost over $550 million Canadian dollars by not divesting from the largest fossil fuel firms three years ago. UofT’s ad-hoc committee on fossil fuel divestment is expected to make a recommendation about whether UofT should divest its endowment from the 200 largest fossil fuel firms in December.   Continue reading

200+ University of Toronto Professors Call for Divestment from the Fossil Fuel Industry, Students March on Campus

For your immediate release, October 27th, 2015: 200+ University of Toronto Professors Call for Divestment from the Fossil Fuel Industry, Students March on Campus Toronto, ON--More than 200 University of Toronto faculty members have signed an open letter urging the University to drop all of its direct stock holdings in coal, oil, and gas. Professors from dozens of departments, from engineering to anthropology, signed the open letter, available at UofTfacultydivest.com. A recommendation on divestment will be made to the U of T administration by an advisory committee this December, close to the time when UBC is expected to decide. Continue reading

Students launch voter engagement climate change campaign

Toronto, Ontario - Current and future voters are launching a climate change-focused mobilization in Scarborough-Centre to raise the issue in the upcoming federal election. Part of Toronto350.org, a local community group advocating stronger government action on global warming, volunteers as young as 17 are pushing for change in the key riding to put pressure on all the federal parties to adopt better platforms.  Continue reading

Climate activists disrupt Mulcair’s book launch to discuss Energy East pipeline

Toronto, Ontario – This morning, Toronto350.org activists interrupted NDP leader Thomas Mulcair’s book launch at Daniels Spectrum building. Mulcair was made to say publicly “of course we will” [oppose Energy East] if it was found incompatible with national action on climate change. Continue reading