Press Release Feb 1

Press Release Feb 1

McGill Community Calls for Sustainable Investment

Administration asked to divest from fossil fuels and the Plan Nord

FOR IMMEDIATE RELEASE
What: Delivery of petitions to encourage McGill University’s Board of Governors to divest from fossil fuels and Plan Nord, with accompanying performance
Where: James Administration Building, McGill University
When: 1:30PM. Friday, February 1st 2013

Montréal, QC – Divest McGill, a student-led campaign that began in October 2012, is formally asking McGill University to divest its endowment holdings in fossil fuel companies. Group representatives will submit two petitions along with briefs outlining the social injury caused by these companies to the Committee to Advise on Matters of Social Responsibility (CAMSR), a body that provides advisory to the McGill Board of Governors. This submission will be accompanied by a celebratory creative action and press conference.

The first petition asks McGill to withdraw its investments in the tar sands and fossil fuels industry, and the second asks for divestment from companies associated with the Plan Nord development project. The two petitions address the social injury caused by the global threat of climate change, the rejection of indigenous land rights, and the affront to democracy and science posed by these companies.

Each petition has received almost 800 signatures from staff, students, faculty and alumni. Numerous groups have endorsed divestment, including the Students’ Society of McGill University that represents all 22,000 undergraduates on the Downtown campus.

The Divest McGill campaign is part of a greater grassroots student movement led by 350.org and the Canadian Youth Climate Coalition. “Go Fossil Free” campaigns are currently breaking ground on 234 university campuses in Canada and the United States, with Canada wide updates at www.gofossilfree.ca. From this momentum, the reality of divestment as a viable social and economic course of action is becoming increasingly apparent.