In October 2021, U of T President Meric Gertler announced the university was divesting from direct investments in fossil fuel companies. According to the University of Toronto Asset Management Corporation, the university remains on track to divest from indirect investments by 2030.
By the end of September, the university’s three federated colleges — Victoria University, Trinity College, and University of St. Michael’s College (USMC) — had all committed to divesting their endowments from fossil fuel companies. The federated colleges have all undertaken more initiatives in the pursuit of sustainability. The Varsity has also looked into some of the non-federated colleges’ independent green initiatives.
A Victoria University spokesperson highlighted that the college plans to assess the feasibility of building a geothermal energy system on its campus.