{"id":88063,"date":"2022-03-23T18:24:16","date_gmt":"2022-03-23T22:24:16","guid":{"rendered":"https:\/\/canada-info.ca\/?p=88063"},"modified":"2022-03-24T09:53:14","modified_gmt":"2022-03-24T13:53:14","slug":"students-renew-call-for-mount-a-to-divest-from-fossil-fuels-ahead-of-climate-strike","status":"publish","type":"post","link":"https:\/\/canada-info.ca\/en\/students-renew-call-for-mount-a-to-divest-from-fossil-fuels-ahead-of-climate-strike\/","title":{"rendered":"Students renew call for Mount A to divest from fossil fuels ahead of climate strike"},"content":{"rendered":"

Climate justice activists at Mount Allison University and their supporters will be getting their hands dirty on Friday as part of student-led climate strike actions happening around the world.<\/p>\n

Their handprints will cover a banner painted with images from the fossil fuel industry \u2013 an oil well and two smokestacks belching black smoke \u2013 and bearing the words \u201cPeople Not Profit.\u201d<\/p>\n

\u201cThat\u2019s what we\u2019re trying to do,\u201d said student activist Kate DesRoches. \u201cPut the people over the profit, literally.\u201d<\/p>\n

DesRoches is a member of Divest MTA, a student activist group that campaigns for Mount A to move its investment funds out of fossil fuels.<\/p>\n

The artwork is part of student-led actions happening internationally as part of the\u00a0Fridays for Future<\/a> movement.<\/p>\n

Divest MTA is part of a movement calling for institutional investors around the world to move trillions of dollars out of fossil fuels.<\/p>\n

Universities have multimillion dollar funds called endowments which they use to generate cash.<\/p>\n

By the end of 2020, Mount Allison\u2019s endowment was worth more than $170 million, according to information publicly available on the university\u2019s website.<\/p>\n

Its holdings include names like Exxon Mobil, the Texas-based multinational oil and gas giant.<\/p>\n

Overall, the university\u2019s endowment fund had at least $7.4 million in fossil fuel companies by the end of 2019, according to calculations by Divest MTA.<\/p>\n

DesRoches said there\u2019s a tension between what students learn in the classroom about climate change, and how the university uses its money.\u00a0You can listen to her interview with CHMA here:<\/p>\n\nhttps:\/\/canada-info.ca\/wp-content\/uploads\/2022\/03\/Kate-Desroches-EDIT.mp3<\/a><\/audio>\n

CHMA also reached out to Mount Allison for comment on Tuesday, but the university couldn\u2019t immediately provide a response.<\/p>\n

Its website states the university doesn\u2019t invest directly into individual companies, but rather uses investment managers to invest in \u201cpooled funds.\u201d<\/p>\n

The student-led action in Sackville begins at 10:30 a.m. at the Crabtree breezeway, followed by a march to Centennial Hall at 1 p.m.<\/p>\n","protected":false},"excerpt":{"rendered":"

Climate justice activists at Mount Allison University and their supporters will be getting their hands dirty on Friday as part of student-led climate strike actions happening around the world. Their handprints will cover a banner painted with images from the fossil fuel industry \u2013 an oil well and two smokestacks belching black smoke \u2013 and…<\/p>\n","protected":false},"author":106,"featured_media":88129,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[221,222],"tags":[1201,5514,6084,438,13284,1221,824,13443,823],"radio":[227],"origine":[274,275,277],"acf":[],"_links":{"self":[{"href":"https:\/\/canada-info.ca\/en\/wp-json\/wp\/v2\/posts\/88063"}],"collection":[{"href":"https:\/\/canada-info.ca\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canada-info.ca\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canada-info.ca\/en\/wp-json\/wp\/v2\/users\/106"}],"replies":[{"embeddable":true,"href":"https:\/\/canada-info.ca\/en\/wp-json\/wp\/v2\/comments?post=88063"}],"version-history":[{"count":0,"href":"https:\/\/canada-info.ca\/en\/wp-json\/wp\/v2\/posts\/88063\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canada-info.ca\/en\/wp-json\/wp\/v2\/media\/88129"}],"wp:attachment":[{"href":"https:\/\/canada-info.ca\/en\/wp-json\/wp\/v2\/media?parent=88063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canada-info.ca\/en\/wp-json\/wp\/v2\/categories?post=88063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canada-info.ca\/en\/wp-json\/wp\/v2\/tags?post=88063"},{"taxonomy":"radio","embeddable":true,"href":"https:\/\/canada-info.ca\/en\/wp-json\/wp\/v2\/radio?post=88063"},{"taxonomy":"origine","embeddable":true,"href":"https:\/\/canada-info.ca\/en\/wp-json\/wp\/v2\/origine?post=88063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}