Queen鈥檚 has announced that the Investment Committee of the Board of Trustees has decided not to divest the university鈥檚 pooled endowment fund and investment funds from fossil fuels.
The Investment Committee made the decision after reviewing and adopting the report of the Principal鈥檚 Advisory Committee on Divestment of Fossil Fuels. Principal Daniel Woolf struck the Advisory Committee on Divestment of Fossil Fuels, as required by the university鈥檚 Statement on Responsible Investing (SRI), after receiving an expression of concern from the student group Queen鈥檚 Backing Action on Climate Change (QBACC).
The decision, delivered to QBACC in a meeting on the morning of November 6, 2015, was the result of a six-month open consultation period to allow everyone to express their views on this matter. It received more than 220 submissions and presentations from Queen鈥檚 alumni, students, staff, faculty and others.
Thank you to all alumni who took the time to share their views on the matter. Your perspectives and opinions play a valuable role in shaping the future of Queen's.
More information about the Principal鈥檚 Advisory Committee on Divestment: Fossil Fuels and they review process is available on the committee鈥檚 website.
