U of T announces plans to go climate-positive with divestment strategy, geoexchange system
October 28, 2021
The University of Toronto has announced plans to divest from fossil fuel investments and to make its St George campus climate-positive. As part of this plan, U of T has pledged to divest all direct fossil fuel investments within the next year and divest from all indirect investments in fossil fuels by 2030. The U of T will put $400M from its endowment portfolio into sustainable investments by 2025, with a goal of having an endowment portfolio with net zero carbon emissions by 2050. U of T has also joined the UN-Convened Net-Zero Asset Owner Alliance, stating that it is the first university in the world to join the Alliance, and has announced plans to implement a geoexchange system on its St George campus to reduce carbon emissions. U of T | Bloomberg | InfoTel (ON)
