Divest: Smart Strategy or Selling Out? Sept 26
Recent divest campaigns have attracted widespread attention as a number of prominent cities, foundations, religious institutions, and universities have pledged to sell off their fossil fuel assets. Currently, the City of Vancouver, Simon Fraser University, and other groups are considering divestment, but is it a smart investment strategy or an effective climate action?
Proponents cite the success of divest campaigns in moving South Africa away from apartheid in the 1980s, tout the moral responsibility of climate action, and decry the financial risks of owning fossil fuel assets in an increasingly carbon constrained world. Critics of the divest movement say that it’s divisive and can be counterproductive, a distraction from more effective climate action.
How should our pension, institutional, and other investment fund managers handle their ownership of fossil fuel companies? Is divestment a good strategy for climate action? How would such a shift impact citizens?
Join us for a free public dialogue.
Andrea Reimer, Councillor, City of Vancouver
Marc Lee, Senior Economist, Canadian Centre for Policy Alternatives
Jamie Bonham, Manager, Extractives Research & Engagement, NEI Investments
When: Friday, September 26 from 12:30 - 1:30 PM
Where: SFU Vancouver, 515 West Hastings Street, Room 1700
Register to attend: http://www.carbontalks.ca/dialogues/public/divest-smart-strategy-or-selling-out