A campaign to demand that Cambridge university’s £6.3bn endowment fund sell out of fossil fuels escalated last week when students occupied a building on campus and 300 academics signed an open letter urging swift action on divestment. The university has repeatedly clashed with academics and students over divestment, partly because of concern that research funding could be hit. Oil companies including BP, ExxonMobil and Shell have given money to the university. Last week, however, academics including David King, until recently the UK’s permanent special representative for climate change, Thomas Blundell, former president of the UK Science Council, and author Robert Macfarlane stepped up efforts against carbon-intensive investments; their names appear on a public list of signatories.
FT 22nd April 2018 read more »
AN international coalition of Catholic institutions have pledged to take their money out of fossil fuels. The commitment by 35 religious orders, lay organisations and social justice movements to “divest” their money from the polluting energy sources was announced by the Global Catholic Climate Movement (GCCM). Those signed up to the move include humanitarian aid organisation Caritas Internationalis, three Catholic banks with balance sheets totalling about €7.5 billion (£6.6bn), as well as several dioceses and other institutions. The announcement, aimed at tackling climate change and its impact on communities, was made on Earth Day.
The National 22nd April 2018 read more »