The University of Toronto is the latest university to alter its investment portfolio, citing ethical concerns. With yesterday’s announcement to divest millions in tobacco stocks, U of T became the first educational institution in Canada to boycott the tobacco industry.
A student activist who successfully campaigned to have U of T sell off its tobacco investments says other Canadian schools should follow suit and end the "unethical practice."
"We hope that other institutions will get a clear message that investing in tobacco companies is an unethical practice and it's something that should not be done," Tyler Ward, president of Education Bringing Youth Tobacco Truths (E-BUTT).
Many universities have taken similar steps for ethical reasons. Recently, Queen’s University divested its holdings in two Chinese oil companies because of their involvement in Darfur.
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