The McGill Tribune Vol. 26 Issue 20

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LOVE'EM OR HATE'EM, ARCADE FIRE ROCKS MONTREAL, PAGE 14

AN UNEXPECTED VALENTINE'S DAY GIFT, PAGE 12

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P u b lis h e d b y th e S tu d e n ts 'S o c ie ty o f M cG ill U n iv e rs ity

V o lu m e 2 6 Issue 2 0 • F e b ru a ry 1 3 ,2 0 0 7

McGill's pockets lined with tar University retains investm ents in tobacco T raci J o h n s o n

McGill's $9 o o -m illio n en­ d o w m e n t m ay seem p altry in com p arison to th e U niversity o f Toronto's $2 .2 -b illio n purse, b u t th e tw o p o rtfo lio s have one th in g in c o m m o n : ro u g h ly th e same percentage o f th e ir to ta l invest­ m ents are in th e to b a c c o industry. McGill ow ns $4 .5-m illio n in shares o f to b a c c o com panies R othm ans Inc. and A ltria G roup, Inc., b e tte r kn o w n as th e pare n t com p an y o f Philip M orris and th e m aker o f p o p u la r brands M arlboro, M erit and Virginia Slims. The U niversity o f Toronto's inve stm e nts in th e sam e c o rp o ­ rations are th e targets o f a cam ­ paign m o u n te d by Education B ringing Youth Tobacco Truths, a cam pus advocacy g ro u p th a t is lo b b yin g th e u niversity to divest fro m to b a c c o com panies and has proposed a p o lic y a m e n d m e n t to p ro h ib it fu tu re in ve stm e n t in th e to b a c c o industry. "U o f T is looked to as a m oral and ethical leader," said E-BUTT President Tyler Ward. "Investing in th e to b a c c o industry, w hose p ro d u cts kill 50 per c e n t o f lo n g ­ te rm users and harm s th e health o f countless others, does n o t u p ­ h old these h ig h standards." In 2002 , th e Post-Graduate S tudents'S ociety passed a m o tio n d e n o u n c in g McGill's re te n tio n o f Philip M orris stock, calling fo r th e u niversity to divest its holdings, and Board o f G overnors m e m b e r Kappy Flanders criticized McGill fo r its investm ents in Big Tobacco. "I d id speak o u t and I w o u ld again," Flanders said. "I d o n o t th in k th a t McGill should have in­

vestm ents in tobacco." Associate Secretary-General Jennifer Towell said McGill does n o t have any plans to divest fro m R othm ans o r Altria and no one has filed a b rie f w ith th e C o m m itte e to Advise on M atters o f Social Re­ sponsibility, th e b o d y responsible fo r inve stig atin g ethical investing. "Tobacco is o n ly one p a rt o f th e ir business,"Towell said, p o in t­ ing o u t th a t b o th Altria and Roth­ m ans o w n subsidiaries in o th e r industries. CAMSR considers expres­ sions o f concern th a t id e n tify "so­ cial inju ry" caused by com panies and m ay m ake re com m e n da tio ns to divest to McGill's Board o f G ov­ ernors. McGill and th e U niversity o f T o ro nto e m p lo y th e same d e fi­ n itio n o f social in ju ry as Yale U ni­ versity, w h ic h has divested fro m th e to b a c c o in d u stry along w ith 25 o th e r N orth Am erican univer­ sities. A U niversity o f California at San Francisco stu d y revealed th a t internal d o c u m e n ts proved Philip M orris prom ised d on ation s and threa ten ed to pull research fu n d ­ ing in an a tte m p t to p reve nt Yale and o th e r universities fro m divest­ ing in th e 1990 s. O utside m o n e y m angers handle th e d ay-to-da y decisions a b o u t McGill's investm ents, over­ seen by th e BoG Investm ent C om ­ m ittee. A cco rd ing to c o m m itte e Chair Ian Soutar, McGill is aware o f its social responsibilities b u t also tries n o t to m icrom anage its p o rt­ fo lio managers. "W e've g o t to achieve g o o d returns and real g ro w th fo r o u r enSee TO BA CCO on p ag e 6

T e m p e rs fla re a s th e R e d m e n s q u a n d e r a tw o g o a l le a d in F rid a y n ig h t's c la s h at C o n c o rd ia 's Ed M e a g h e r A re n a . For fu ll c o v e r a g e o f th e C o r e y C u p g a m e , se e p a g e 1 7 . ____________

Principal stands for questions Adversarial students stay aw ay from event K a y v o n A fshari

Yesterday's to w n hall to o k a step in a n ew d ire ctio n w ith a diffe ren t fo rm a t in w h ic h Principal H eather M unroe-B lum focused on three broad them es: e nviro nm e nta l sustainability, m e eting s tu d e n t needs in a research-intensive university and fu n d in g fo r th e university. The principal first offered a b rie f talk on McGill's o p p o rtu n itie s and challenges, th e n to o k questions on th e three them es, before o p e n in g th e flo o r to free ques­ tions fro m audience mem bers. M unroe-B lum said th a t th e n ew fo rm a t was m ore p ro ­ d uctive and unless peo ple express d is a p p o in tm e n t w ith it, it's here to stay. "In term s o f hearing m ore diverse voices, this to w n hall was very good," she said. "There w ere a lo t o f g o o d questions and co m m e n ts and peo ple w eren't afraid to say w h a t th e y d id n 't like. Unless w e g e t a grou n dsw e ll o f feedback saying, 'W e hate it, g o back to th e o ld form at,' I th in k w e'll try it again." In contrast, th e fall sem ester to w n hall, w h ic h to o k a less struc­

tured approach, saw a flu rry o f o p p o sitio n a l statem ents w hich M unroe-B lum a ckn ow led ge d d id n o t o pe n room fo r discus­ sion and m ade th e previous to w n h a irle s s productive." Graem e Lamb, U 2 e n v iro n m e n t and co o rd in a to r o f Gorilla C om posting, probed th e principal on w h a t can be d o n e on cam pus to reduce energy use and p ro m o te m ore e ffic ie n t w aste m a na ge m en t as a w ay to "m itig ate costs." He fe lt th a t th e response indicated a positive step. "The response I g o t was th a t McGill is in a p osition to learn fro m th e experiences o f o th e r in stitu tio n s w ith co m p o stin g and th a t th a t should be b ro u g h t u p w ith Associate Vice-Prin­ cipal Jim Nicell. This was w h a t I expected b u t it's still nice to have her say it," Lam b said.'This is th e first reported time... th a t som e on e as senior as th e principal has d ire ctly responded to a q uestion like c o m p o s tin g in a su p p o rtive way. It's n o t huge o r revolutionary, b u t it's a g o o d sign." Lamb, w h o was present fo r b o th to w n halls this year, See STU D EN TS on p ag e 7

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