Divestment movements around the world have been pushing financial institutions to move capital from corporations engaged in fossil-fuel extraction, refining, and transportation and to increase investment in renewable energy production and other sectors of a new post-carbon economy. They have been demanding that public institutions such as universities divest their endowment funds and pension plans from fossil-fuel-sector corporations, and that they insist that banks and investment funds in which they hold shares do the same.
In Canada, there are active divestment movements at many universities, including Concordia, l’Université du Québec à Montréal, University of British Columbia, University of Victoria, University of Toronto, University of Northern British Columbia, McGill University, Queen’s, and York University.