The University of Waterloo’s current state (Not climate-friendly)
Fossil Fuel Investments:
- In the fall of 2017, the University of Waterloo disclosed some of its current investments in the top 200 fossil fuel companies in the world, as well as its investments specifically in companies active in the tar sands.
- AT LEAST $68 MILLION of the University’s investments are in the fossil fuel sector.
- When the University invests in fossil fuel companies, it is depending on these companies to make money from continuing to extract fossil fuels. Investing in fossil fuel companies means the University is supporting this sector and profiting from it.
- Here’s the list of companies that UW is known to have invested in: BP, Devon Energy, Seven Generations, China P&C, Cenovus Energy, Royal Dutch Shell, Tourmaine Oil, Crescent Point, Total SA, Exxon/Imperial Oil, Lukoil, CNOOC, Cdn Natural Resources (CNR), EOG Resources, and Suncor.
Climate Strike UW
Date of Event:
Friday, 6 December, 2019
Time of Event:
Friday DEC 6, 13, 20, 27 from 12:00 PM - 1:00 PM
Arts Quad / DP