At the end of March, the President of the University of Toronto issued an official response to the Advisory Committee on Divestment from Fossil Fuels, which had reported in December 2015. The University rejected a blanket divestment strategy and opted to pursue a targeted approach which will incorporate environmental, social, and governance-based factors (ESG) in investment decisions. It states that the core mission of the university, research and teaching, will be used as its main contribution to the fight against climate change. The statement is summarized in a Globe and Mail article (March 30) . On April 12, the New York Times reported that Yale University had also found a compromise position regarding investment strategies for its endowment fund, rather than outright divestment. Arguing against such approaches: from researchers at the London School of Economics, “Climate value at risk’ of global financial assets” in Nature Climate Change online (April 4) which uses models to estimate the impact of twenty-first-century climate change on the present market value of global financial assets, and concludes that “losses could soar to $24tn, or 17% of the world’s assets, and wreck the global economy”. An article in The Guardian (April 4) summarizes this and other studies. Even the Harvard Business Review (April 14) is sounding the alarm, based on the latest research. An article in Corporate Knights magazine, “Defending Divestment” (April 6) considers the financial and moral arguments about divestment.