Administrative Response to the Report of the President’s Advisory Committee on Divestment from Fossil Fuels
Note from President Gertler
On December 16, 2015, I received the report of the President’s Advisory Committee on Divestment from Fossil Fuels. That committee had been appointed to consider a petition from Toronto350.org, which called for the university to divest fully from direct investments in fossil fuel companies within the next five years and to stop making any new investments in the industry.
In order to give full consideration to the Committee’s recommendations, and to ensure due diligence at a time when both the regulatory environment and business practices are rapidly evolving, I struck several working groups composed of members of my senior administrative team, and undertook further research and consultation.
I am pleased now to release my response to the advisory committee recommendations.
You can also read about the response at our U of T News site.