Student occupation at UMontréal ends after institution promises to divest from fossil fuel sector

A student group called L’Écothèque at the Université de Montréal has ended its occupation after the university agreed to withdraw its investments from the fossil fuel sector by 2025. Five student associations went on strike to call for divestment, and a petition with around 4,400 signatures was sent to the rector. CTV News reports that UMontréal rector Daniel Jutras agreed that a plan to divest the institution’s direct and indirect publicly traded shares in the fossil fuel industry would be created by June. No plans have been made to change pension investments. “However, the fact that the endowment fund is going to move, we think it will have a ripple effect on the pension plan, and that it will make (it) look bad if it doesn’t follow the rest of the institutional policy,” said L’Écothèque student group spokesperson Vincent Blondeau. CTV News| Le Canada Francais Note: Archived stories may contain dead links or be missing source links.

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