Two B.C. investment funds save millions by ditching fossil fuels
Like the union, the student society’s returns are outperforming their previously fossil-fuel invested holdings.
They made the switch to fossil fuel-free investments last year, and
since then their rate of return jumped from 1.3 to 4.6 per cent, meaning
that they pocketed an extra $448,000.
They made the switch to fossil fuel-free investments last year, and
since then their rate of return jumped from 1.3 to 4.6 per cent, meaning
that they pocketed an extra $448,000.
Michelle Marcus, a councillor of the
student society was a pivotal player supporting the AMS’ decision to
divest. When Marcus found out in 2017 that the organization was changing
investment providers, she saw it as an opportunity to move towards a
different investment strategy.