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University of Toronto Mississauga Department of Geography Fall 2015



 Instructor: Len Brooks


 Phone: (905) 828-3916



 Instructor: Pierre Desrochers  

 Phone: (905) 828-5206


 Office Hours: TBA


 Lecture room: L1240





UofT material
Overview of the issue
> Background of the movement
For Divestment
Against Divestment


UofT material 2015. The Fossil Fuel Industry and the Case for Divestment: Update (see also "An Ethical and Financial Case for Divestment." (University of Toronto Divestment Lecture by Dimitri Lascaris))

Gertler, Meric. 2016. Beyond Divestment: Taking Decisive Action on Climate Change. Administrative Response to the Report of the President's Advisory Committee on Divestment from Fossil-Fuels. University of Toronto.

UofT News. 2016. Q & A with President Meric Gertler on U of T's 14-point plan, Beyond Divestment (March 30).

UofT Community 2016. Response to the Report of the Fossil Fuel Divestment Committee

Kalvapalle, Rahul. 2020. "UTAM to reduce the carbon footprint of its long-term investments by at least 40 per cent by 2030." UofT News (February 13).

Overview of the issue

Domonell, Kristen. 2013. "Is Fossil Fuel Divestment a Wise Move? Making the case for and against stripping endowments of fossil fuel investments." University Business (June).

Hirji, Zahra and Elizabeth Douglass. 2015. "Map: Tracking Academia's Fossil Fuel Divestment." Inside Climate News (March 20).

Tollefson, Jeff. 2015. "Fossil-fuel divestment campaign hits resistance. Academics suggest other ways to cut carbon emissions on campus and beyond." Nature (May 6).

Woodhouse, Kellie. 2015. "Does Divestment Cost?" Inside Higher Ed (September 21).

Ritchie, Justin and Hadi Dowlatabadi. 2015. Fossil Fuel Divestment: Reviewing Arguments, Implications & Policy. Pacific Institute for Climate Solutions Opportunities.

University of Ottawa official material on fossil fuel divestment.

McMaster University. President's Advisory Committee on Fossil Fuels Divestment. Report to the President. October 2017.

University of Winnipeg
- Divestment and the University of Winnipeg 
- Stranded Assets and Financial Studies 
- at other Canadian institutions

Constable, John. 2020. "The Future of Oil, Gas, and Coal: Stranded Assets or Safe Refuge?" GWPF (January 1).

Background of the movement

Kurtz, Stanley. 2013.
- "Fossil Fuel Divestment - Part 1." National Review (March 4) 
- Part 2 
- Part 3

Grady-Benson, Jessica and Brinda Sarathy. Forthcoming. "Fossil fuel divestment in US higher education: student-led organising for climate justice." Local Environment.

For Divestment 

Fossil Fuel Divestment on Wikipedia (provided for its links)

McKibben, Bill. 2013. "The Case for Fossil Fuel Divestment." Rolling Stone (February 22).

Dickinson, Tim. 2015. "The Logic of Divestment." Rolling Stone (January 14): 31-35. 

Tillmann T, Currie J, Wardrope A, McCoy D. Fossil fuel companies and climate change: the case for divestment. BMJ. 2015;350:h3196. 

Howard, Emma. 2015. "A beginner's guide to fossil fuel divestment." The Guardian (June 23).

Impax Asset Management. 2013. Beyond Fossil Fuels: The Investment Case for Fossil Fuel Divestment. (White Paper). 

Divest London. 2015. The Case for Fossil Fuel Divestment: City Hall and the LPFA. Briefing for the London Assembly Labour Group (January). 

An Taisce (National Trust for Ireland). 2015. The Case for Fossil Fuel Divestment (February). 

Various papers written by graduate philosophy student Georges A. Lenferna

Sulston, John. 2015. "The Wellcome Trust's polite business chats won't save the Earth." The Guardian (April 8). 

Rusbridger, Alan. 2015. "The Argument for Divesting from Fossil Fuels is Becoming Overwhelming." The Guardian (March 16). 

Rubin, Jeff. 2015. "U of T should divest from fossil fuels." Toronto Star (September 8). 

Hale, Ilona, David Hale, Courtney Howard, and Warren Bell. 2014. "Time to divest from the fossil-fuel industry." CMAJ: Canadian Medical Association Journal. 186.12 (Sept. 2): 960. 

Brooks, Mark. 2013. "Banking on Divestment." Alternatives Journal 39 (6): 48. 

Horton, Richard. 2015. "Offline: The thermodynamics of morality." Lancet 385 (9977): 1494.

Lederer, Katy. 2015. "Defunding Climate Change." New Yorker (October 2).

Moore, Kathleen Dean. 2015. "Executive Deception: Four Fallacies About Divestment, and One Big Mistake." Chronicle of Higher Education (October 18).

HuffPost Canada. Fossil Fuel Divestment

Tucker, Bronwen. 2018. "Canadian Universities Are Way Behind on Fossil Fuel Divestment." Vice (March 15).

McKibben, Bill. 2019. "Money Is the Oxygen on Which the Fire of Global Warming Burns." The New Yorker (September 17).

Stop the Money Pipeline

Against Divestment

Environmentalists against divestment
Stavins, Robert N. 2014. "Divestment Is No Substitute for Real Action on Climate Change." Environment 360 (March 20). 

Hulme, Mike. 2015. "Why Fossil Fuel Divestment is a Misguided Tactic." The Guardian (April 17). 

Activist investors against (broad) divestment
Farrar, Jeremy. 2015. "Fossil-fuel Divestment is not the Way to Reduce Carbon Emissions." The Guardian (March 25).

Devinney, Timothy. 2015. "The Argument against Fossil Fuel Divestment." IR Magazine (May 13).
Hendey, Eric. 2012. "Does Divestment Work?" Harvard Political Review (October 2). 

(Generally) Pro fossil fuels (Independent Petroleum Association of America) 
- Fischel, Daniel R. 2015. Fossil Fuel Divestment: A Costly and Ineffective Investment Strategy. Compass Lexicon.
- Fischel, Daniel R., Christopher R. Fiore and Todd D. Kendall. 2017. Fossil Fuel Divestment and Public Pension Funds. Compass Lexicon. 
- Cornell, Bradford. 2015. The Divestment Penalty: Estimating the Costs of Fossil Fuel Divestment to Select University Endowments. Independent Petroleum Association of America. 

Nachmany, Eli. 2015. "Opinion: Why I'm Against NYU Fossil Fuel Divestment." Break Energy (April 30).

--- (mattd). 2014. "Divestment Campaign: More Symbolism over Substance." Oil Sands Fact Check (October 23). 

Harries, Rob. 2014. "Fossil Free UK: Divesting from Reality." Spiked! (September 18).

Driessen, Paul. 2015. "The Ethics and Realities of Divestment." (February 14).

Driessen, Paul. 2017. "Life in a Fossil-fuel-free Utopia. Life without oil, natural gas and coal would most likely be nasty, brutish and short." What's Up with That? (August 13). 

Holland, Patrick. 2015. "Fossil Fuel Divestment Movement Fails Students and the Environment." E21 (January 15). 

Epstein, Alex
- 2013. "Don't Leave it in the Ground."
- 2013. "Don't Divest, Educate - An Open Letter to American Universities." Center for Industrial Progress (June 5). 
- 2014. "9 Graphs That Prove Using Fossil Fuels Hasn't Harmed the Planet." Daily Caller (November 13). 
- 2015. "How Opposition To Fossil Fuels Hurts The Poor Most Of All." Forbes (January 14). 
- 2015. "The Moral Case for Investing, not Divesting, in Fossil Fuels." Forbes (February 11).

Gapper, John. 2015. "Fossil Fuel Campaigners Play Charades." Financial Times (April 15). 

McArdle, Megan. 2014. "College Students Can't Defeat Big Oil." Bloomberg View (September 11).

Jacoby, Jeff. 2015. "A Valentine for Fossil Fuels." Boston Globe (February 11).

Peterson, Rachel. 2015. Inside Divestment: The Illiberal Movement To Turn A Generation Against Fossil Fuels. National Association of Scholars.

Desrochers, Pierre and Hiroko Shimizu. 2016. Blowing Hot Air on the Wrong Target? A Critique of the Fossil Fuel Divestment Movement in Higher Education, Frontier Centre for Public Policy (July).

Zycher, Benjamin. 2017. "Other People's Money: The Immorality Of The Fossil-Fuel Divestment Campaign." Investor's Business Daily (June 21).  

American Fuels and Petrochemical Manufacturers. Keep it Grounded in Fact
- The Connection Between "Keep It in the Ground" and the "Green New Deal." (December 17, 2018).  

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