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U-Vic defends Enbridge investments
VANCOUVER/CKNW (AM980)
Marcella Bernardo | Email news tips to Marcella
1/10/2013

One of the trustees responsible for making pension plan decisions for the University of Victoria is defending more than four million dollars worth of investments in Enbridge, the company behind the controversial Northern Gateway pipeline project.

"Our practise has not been to divest. Our practise is to use our influence as a shareholder to work on the responsible management of companies."

Kristi Simpson is responding to criticism from environmentalists, who say U-Vic has an ethical responsibility to make better choices.

"These are investments of individual plan members, not of the university, so as a trustee on that board, my first responsibility is always to the financial best interest of members. Members interests are very diverse. We, as a board of trustees, our role is to look at interests of all members collectively."

Similar pressure applied last year saw Vancity Credit Union stop investing in Enbridge, but Simpson says no complaints have been filed by any members of the pension plan.


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  1. ChrisM_18 posted on 01/11/2013 02:17 PM
    What a crock of crap !

    Does that mean that UVIC plan members have shares in tobacco production companies - but use their influence to get them to sell cigarettes responsibly ?

    Does that mean that UVIC plan members have shares in Nestle - but ask the company to stop selling powdered milk into 3rd world countries

    If you don't agree with what the company is doing or stands for then don't share your money with them !!
  2. joes_2868 posted on 01/12/2013 01:15 PM
    ChrisM_18: The readers consultant, our man Ken280, a man with a briefcase 50 miles away from home would be in total agreement.
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