Primer on Fossil Fuel Divestment

UBCM has released a study, Primer on Fossil Fuel Divestment, that considers divestment strategies in relation to the Municipal Pension Plan (MPP). The study was prepared in response to resolution 2015-B120, which sought information on fossil fuel related investments held by the MPP and the implications of divesting from these holdings. The study exceeds the resolution request by providing the range of fossil fuel related investments held by the MPP over several years, along with a background information on the MPP’s governance, administration and investment management. Also introduced is the potential of a Climate Action Plan as an alternative to divestment.