The trust that just so happen to in charge of the University of BC’s endowment fund has made an announcement regarding the next step in the school’s attempt to cut down on portfolio carbon emissions.
The U-B-C Investment Management Trust has stated that they are giving 120-million dollars to a Paris-Aligned fund whose mission is to reduce carbon global equity.
That amount of money represents close to five per cent of the university’s endowment.
U-B-C made it known last year that they had plans to get rid of their endowment of fossil fuel investments as well as reduce 45 per cent of their portfolio carbon emissions within a span of about 10 years.
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