Principal's Advisory Committee on Divestment: Fossil Fuels
Update - November 6, 2015
The Investment Committee of the Board of Trustees has decided not to divest the university’s pooled endowment and investment funds from fossil fuels. The Investment Committee made the decision after reviewing and adopting the report and recommendations of the Principal’s Advisory Committee on Divestment: Fossil Fuels, which undertook an extensive consultation period with the Queen’s community. The advisory committee’s full report can be found here.
On November 28, 2014 the campus group Queen's Backing Action on Climate Change (QBACC) presented Principal Daniel Woolf with a document titled "The Case for Queen's University Divestment of the Pooled Endowment Fund from the Fossil Fuel Industry" (PDF*, 2331 KB). This document was submitted as an Expression of Concern in accordance with the university's Board-approved Statement on Responsible Investing (SRI) (PDF*, 45 KB).
The Expression of Concern was accompanied by the signatures of Queen's community members, and was verified to ensure that it meets the minimum requirements for consideration as established by the SRI.
In accordance with the requirements of the SRI, Principal Woolf established an Advisory Committee on Divestment of Fossil Fuels to review the Expression of Concern and make recommendations to him on what further action should be taken, if any. The Principal will bring those recommendations to the Investment Committee of the Board of Trustees for a final decision, in accordance with the SRI and the Statement of Investment Policies & Procedures (PDF*, 272 KB).
*PDF files can be viewed using Adobe Reader.