University of Toronto: Divest Fossil Fuels!

In order to avoid dangerous climate change, the world needs to redirect investment from fossil fuels to alternative forms of energy that are compatible with a safe climate.

The University of Toronto's $2.1 Billion is heavily invested in the fossil fuel industry. Governments and organizations around the world have recognized warming of 2˚C as the threshold where climate change will become dangerous. If we want to stay below that limit, we can emit no more than 565 billion tonnes (gigatonnes) of carbon dioxide. Global fossil reserves contain 2,795 gigatonnes of carbon dioxide, more than enough to drive humanity off the 2˚C trajectory.

Investment in fossil fuel corporations such as Chevron drives the consumption of fossil fuel reserves which MUST remain underground in order to avoid dangerous climate change.

U of T has divested before, both from the tobacco industry, and from companies supporting South African Apartheid. For more about the effectiveness of divestment, have a look at gofossilfree.org/faq.

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