ULaval becomes first Canadian university to approve full divestment from fossil fuels

February 17, 2017

Université Laval has become the first university in Canada to approve the full divestment from fossil fuels, reports La Presse. This week, the university’s leaders approved a motion to remove all investments related to fossil fuels from the school's portfolio. The university says that it plans to form a working committee that will include student representatives and will consider how to best manage the financial transition to greener investments. “I'm an environmentalist. It's time to move on all fronts,” said ULaval Executive Vice-President Eric Bauce at a press conference. “Money does not lead the world, but it can seriously influence it.” The announcement was met with praise from the student group ULaval sans fossiles, which formed last November to bring about the eventual divestment. La Presse