Divestment campaign overview
Approximately $12 million of Concordia’s endowment fund is actively invested in the fossil fuel and related industries. The University’s commitment to a failing system misrepresents our community’s real intentions and values. Accordingly, Divest Concordia, in collaboration with the CSU and Sustainable Concordia, has been working since 2013 to get Concordia to divest from fossil fuels and embrace a more ethical orientation for our investment portfolio. The divestment campaign at Concordia has lead to the creation of a Joint Sustainable Investments Advisory Committee (JSIAC) as well as the creation of a sustainable investment fund with the transfer of $5 million from the University’s endowment fund. In Fall 2016, undergraduate students demonstrated their support for the campaign by voting overwhelmingly in favour of divestment during a referendum. The divestment campaign partakes in coordinating popular education and mobilization activities, organizing creative events and direct actions, as well as strategic lobbying and contributing to JSIAC. The struggle for full divestment continues—the investments we make today shape the world we will live in tomorrow.
CSU Positions on Climate Justice & Divestment
Adopted by the Members:
- That the CSU oppose the Energy East and Line 9 pipelines as well as any form of tar sands development. (Adopted during the March General Election, 2016)
- That the CSU actively supports the fossil fuels divestment campaign until such time as Concordia University commits to full divestment from fossil fuels and related industries. (Adopted during the November By-election, 2016)
- That the CSU demands that Concordia University remove all its investments that are currently tied to the fossil fuel and related industries and reinvest this money in a socially and environmentally responsible manner. (Adopted during the November By-election, 2016)
Adopted by the CSU Council of Representatives:
- That Indigenous sovereignty over their territories, and their veto power over resource extraction projects, is recognized. (Adopted Oc. 8, 2014)
- That our society transition towards being fossil fuels free by 2050. (Adopted Oct. 8, 2014)
- That fossil fuel exploration and extraction projects on the territory of Quebec stop. (Adopted Oct. 8, 2014)
2016-2017 Annual Campaign
Be it resolved that the annual campaign of the CSU for the year 2016-2017 be to inform and mobilize Concordia undergraduate students on environmental and climate justice issues, with a special focus on divestment.
Be it further resolved that this campaign emphasizes the impact of climate change on Indigenous peoples and other front line communities, and reinforces the centrality of their perspectives and actions in environmental justice.
Be it further resolved that CSU demands that Concordia University divests the entirety of its investments from fossil fuel industries.
Be it further resolved that for the purpose of this campaign, the CSU works in collaboration with Divest Concordia and Sustainable Concordia. (Adopted June 8, 2016)