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Yes Committee: Why we should divest from fossil fuel companies

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MCSS used to invest in fossil fuel companies. To our credit, we stopped.

Not because they don’t give us more money. Because we felt it’s wrong.

However, we still buy investments in banks, which then give the money to fossil fuel companies, which really comes down to the same thing.           

At first, we thought this campaign would be a question of our wallet vs. the environment. However, we soon realized that alternatives to fossil-fuel funding banks (such as city and public transit bonds) are actually safer and more profitableResponsible alternatives have:

  • Higher interest rates
  • Zero-risk, and also guaranteed interest (unlike some of our current MCSS investments)

Also, the number of responsible investment options is comparable to the number of our current investments, so our investments will remain just as diversified and secure.

This is a rare opportunity to help both the environment and ourselves.

Therefore, the opposition argument that investing in non-fossil fuel alternatives will place our MCSS finances in danger is difficult to understand.

Vote YES on referendum question #2 to seize one of the very rare opportunities to do something that is both good for the planet and for our wallet.

- Julien Malard
ceres.macdonald@gmail.com