The UBC Social Justice Centre is an AMS UBC Resource Group dedicated to research, outreach, & action on social justice issues. The SJC has recently reported an analysis of UBC investments in a document titled UBC Apartheid Investment Data Base. Thanks to the SJC for providing this revealing analysis of university investments in the war machine that current waging war in Gaza. The following is a reproduction of the report as presented @ubcwarinvestments
In 2022, The University of British Columbia invested a total of CAD$66,550, 168 in firms that are active agents in 1) the illegal settlement enterprise in the occupied West Bank, and/or 2) the ongoing genocide of Palestinians in Gaza.
The following tables, ordered by industry, display information about these companies. This includes their name, the specific role they play in maintaining the occupation and/or participating in the genocide, and the amount of UBC endowment money they receive.
The data presented in this report were obtained from the 2022 UBC Investment Management Trust’s (IMANT) “Holdings Disclosure Report.” To determine which of these complicit companies were invested in by UBC, the report was cross-referenced with a 2020 United Nations Human Rights Council database of business enterprises that build, maintain, and legitimize illegal Israeli settlements in the West Bank. The list also includes firms widely understood to be complicit in violations of Palestinian human rights-the numerous weapons manufacturing companies that UBC invests in, which supply arms to the Israeli military, are included in this latter section.
As UBC lists the endowment holdings in percentages, the dollar amount was estimated by using overall value of the endowment, although the dates of the holdings disclosure report do not fully match up with the reporting dates for the endowment fund value. The value of the endowment fund was reported to be $2.09 billion on March 31st, 2023 while the holdings disclosure was reported on December 31st, 2022. It should still be a decent estimate though assuming each fund grew somewhat evenly over the three months. For comparison, the value of the fund on March 31st, 2022 was $2.06 billion.
Download database: UBC apartheid investments
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