Diane Francis: University takes dimwitted stand against prosperity by divesting from oil stocks

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University of Guelph\u0027s grandstanding move is an insult to Canada and its critically important oil and automotive sectors

“For over 40 years, I have been an investor in business ventures including the oil businesses in my home city of Calgary and my family business, Canadian Tire Corp. My decision to resign as chancellor was prompted by the incompatibility of my business interests with the board of governors’ decision to divest from fossil fuel companies in its endowment portfolio,” she wrote in her resignation letter.

I called Seymour Schulich, a business success who is Canada’s largest donor to many universities, and his reaction was simply: “It is easier to find a unicorn than to find wisdom on a university board of governors.”Seymour Schulich The UN is a joke for allowing this, but where are the so-called environmentalists? Fossil Free Guelph should be demanding bans on all those cheap imports of clothes, furnishings, plastics, electronic devices and fresh produce that are transported on planes and giant container ships, and bought up by students and everyone else.

 

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Agree or disagree, individuals and institutions are free to decide how they invest their money. Or is Diane Francis now opposed to the free market?

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Diane Francis: University takes dimwitted stand against prosperity by divesting from oil stocksUniversity of Guelph’s grandstanding move is an insult to Canada and its critically important oil and automotive sectors There's nothing wrong with divesting for ethical reasons if you're consistent. If you divest from oil but allow Chinese propaganda elements to operate at your university and invest in Chinese products, you're supporting genocide and organ harvesting. Let them all drop them and I can buy them cheap. I love the royalties. No problems invest we’re you like with your money, but no more subsidies. No more tax payers money . Make it on your own or don’t make it at all. Better yet could save billions yearly if stop all direct funding to all colleges and universities. Tuition alone
Fonte: nationalpost - 🏆 10. / 80 Consulte Mais informação »

Diane Francis: University takes dimwitted stand against prosperity by divesting from oil stocksUniversity of Guelph’s grandstanding move is an insult to Canada and its critically important oil and automotive sectors There's nothing wrong with divesting for ethical reasons if you're consistent. If you divest from oil but allow Chinese propaganda elements to operate at your university and invest in Chinese products, you're supporting genocide and organ harvesting. Let them all drop them and I can buy them cheap. I love the royalties. No problems invest we’re you like with your money, but no more subsidies. No more tax payers money . Make it on your own or don’t make it at all. Better yet could save billions yearly if stop all direct funding to all colleges and universities. Tuition alone
Fonte: nationalpost - 🏆 10. / 80 Consulte Mais informação »

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