Fossil fuel divestment means taking someone's investments out of the fossil fuel industry and investing them elsewhere.
It is a moral and political statement that supporting the fossil fuel industry is wrong.
Right now there is a campaign to make UofT divest from fossil fuels. The Governing Council has commissioned an ad-hoc committee to issue a non-binding recommendation. Toronto350, UofT350 and other environmental groups are mobilizing students. We are growing as much pressure as possible for fossil fuel divestment.
We explain our argument thoroughly in Toronto350.org's Divestment brief. Our argument is that divestment must be a critical step in keeping the earth below 2 Degrees Celsius of warming.