Queen’s elects not to divest from fossil fuels

November 10, 2015

The Investment Committee of the Queen’s Board of Trustees has chosen not to divest the university’s endowment and investment funds from fossil fuels. The committee made its decision after reviewing a report from the Principal’s Advisory Committee on Divestment: Fossil Fuels, which the university undertook in February 2015 in response to a request from a Queen's student group. The report did not dispute that climate change was a critical issue, yet it found that the case for divestment on the basis of “social injury” had not been made. The advisory committee also concluded that divestment was not an effective tool in mitigating the risks of climate change. “Queen’s is an academic institution whose core activities are teaching and research. The university’s endowment funds exist solely to further these activities and the university has an obligation to seek the best possible return on these investments in order to advance its academic mission,” said Don Raymond, Chair of the Investment Committee. Queen’s