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DFA Executive supports Divest Dal campaign

Posted by on November 20, 2014

DFA President Catrina Brown has sent a letter to the Chair of  Dalhousie’s Board of Governors urging the Board  to vote in favour of a proposal to divest the university’s endowment fund of investments in fossil fuel companies.

The letter was the result of a decision by the DFA Executive Committee to support Divest Dal, a student-led campaign to make Dalhousie the first Canadian university to divest itself of fossil fuel investments.  The divestment proposal is expected to be debated by the Board on November 25.

“Dalhousie is viewed as a national and international leader in environmental research, and we are proud that some of Canada’s top scholars in environmental science, environmental studies, sustainability and oceanography are DFA Members,” Dr. Brown said in her letter. “With that in mind, it seems incongruous to us that our university should be investing its endowment fund in the fossil fuel industry, an industry which is largely responsible for the climate change which threatens our planet.”

Dr. Brown pointed to studies showing that divestment would not negatively impact the university’s financial health.

“Shifting investments into more ethical industries could actually contribute to the growth of Dalhousie’s endowment funds. Given the growing public concern about the environment, particularly among young people, divestment could also help Dalhousie attract both students and alumni donations.”

The letter was copied to Dalhousie University President Richard Florizone and the faculty and student representatives on the Board of Governors.

Click here for the full text of the DFA’s letter.

For more information on Divest Dal, go to http://divestdal.ca.




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