Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Wednesday, February 17, 2016

University of British Columbia Votes To Keep Fossil Fuel Investments

VANCOUVER — The University of British Columbia's board of governors has voted against dumping the university's investments in fossil fuels.

The school's finance committee brought a motion not to support divestment, but instead to create a so-called sustainable future fund.

The fund would include a portfolio mandate for low carbon emissions and be seeded with an initial allocation of $10 million.

Investments tied to oil, gas and coal companies make up about 10 per cent of the university's $1.4-billion endowment.

Divestment has been an ongoing issue at the institution for several years, with students and staff voting separately in favour of pushing the investments out of UBC's portfolio.

Campus-based environmental advocacy organization Divest UBC had circulated an open letter to the board calling for a transparent, open and evidence-based consideration of divestment.

Original Article
Source: huffingtonpost.ca/
Author: CP
Topics: , ,

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