• Connect to CKNW
Related Links

Environmentalists call for UVic to stop investing pension funds in Enbridge
VICTORIA/CKNW (AM980)
Laura Baziuk | Email news tips to laura.baziuk@corusent.com
1/10/2013

A B.C. environmental group is calling on the University of Victoria to stop investing pension funds in oil companies.

The Wilderness Committee is pointing the spotlight on financial documents from the university’s latest report available to pension plan members that show about $4 million in pension funds invested in Enbridge.

That's the Calgary-based oil giant trying to get approval to build a $6-billion pipeline across northern B.C.

Committee spokeswoman Gwen Barlee says this is especially troubling, as UVic bills itself as a leader in climate change research.

"I really hope, as a British Columbian, as an alumni of UVic, that the university will say, you know what, you're right, it is an incredible inconsistent position and we're going to divest this portfolio."

Vancity Credit Union withdrew its mutual funds from Enbridge back in August, after a Vancouver Island environmental group spoke out.


 «  Return to previous page
 »  Send to a friend
Subscribe to channel

Leave a comment:

showing all comments · Subscribe to comments
  1. BY posted on 01/10/2013 09:22 AM
    Way to go Gwen. Get them to invest the pension money that the workers contribute into something that has a lower return. Hope you have a lot of money invested.

    And you seem to be in to climate change. Can you tell me why the ice melted the first time and came back. Then why it melted the second time? We are still coming out of the last ice age and we know for sure that al gore wasn't out driving around in his fleet of SUV's telling the sheep the sky is falling.
  2. yuri posted on 01/10/2013 10:33 AM
    LOL!!! She is funny. Hey lets get a guaranteed defined benefit pension and then cherry pick which stock are invested in!!! There is a way to acheive this and it is a defined contribution plan. Didn't think so Gwen.
  3. MikeyM_2 posted on 01/10/2013 11:21 AM
    I think they shud pull their investments out of Enbridge because they have a terrible record in the pipeline industry. God knows they will cause us 1000's in the future withtheir manuevering over the gatewsay things start up a shell company with no assests and then they wont be resposible for any oil spilland the aftermath which the taxpayers will be resonsible for...Check out the TPP negotiations in the world and find out how much power these guys are going to have over the govt and the people called the new world order??? Most dangersous thing ever.....!!!! have look people they will own ur ass
    1. Ken280 posted on 01/10/2013 04:38 PM
      @MikeyM_2 Finally! Someone who can try and tell these people what is going to happen in the near future. If these people do not get involved to stop this crap!This is really funny also seems to be mostly the right wingers liking it!I have been following these new rounds of free trade agree menst but such secrecy it is really frightening.You watch the spin,they are already trying to spin the seriousness of the New trade order!. 1984 future schok is alive and growing and these bastard can only blame themselves!
  4. UnemployedinBC posted on 01/10/2013 10:24 PM
    more good laughs.

    Hope you all like Moto GP and World Super Bike motorcycle racing. You own 39% of it with your CPP .
showing all comments