By: Dennis Pavlich and Jocelyn Stacey, March 15, 2016
- Last month, the University of British Columbia Board of Governors rejected a student and faculty proposal that would have required UBC to forgo future investments in fossil fuel companies and divest from existing fossil fuel holdings within five years. Instead, the board approved the creation of a new Sustainable Future Fund that will stand alongside the university’s existing endowment funds. The authors discuss the understanding of the university’s legal obligations with respect to its endowment funds that underlaid the decision.
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