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| Man holding a save our planet sign Photo by Markus Spiske temporausch.com from Pexels |
Derek Townsend is a longtime rugby player and an entrepreneur. A principal and co-owner of Citifund Capital Corporation, Derek Townsend graduated from the University of British Columbia.
The University of British Columbia has officially declared a climate emergency and has committed to forming a community engagement process to collaborate on ways to reduce emissions. The university has also committed to two major initiatives to increase its divestment in fossil fuels.
First, the university’s Board of Governors agreed to divest the main endowment fund ($1.71B) of fossil fuels and has asked administrators to assess ways to carry out this divestment. Second, the Board of Governors has approved legal and financial reviews related to a transfer of $380 million from the endowment pool to the sustainable future pool, which the university created in 2017 to research and test investment strategies that reduce carbon emissions.
The Board of Governors has asked that these measures be carried out as soon as possible to reduce the impact of fossil fuels on the environment.
