The number of British universities divesting from fossil fuels has leaped to 43, a quarter of the total. The surge means the UK leads the world in campus action to pull university funds from oil, gas and coal. Financial institutions and charities are also divesting and at least $2.6tn (£2.1tn) of assets are covered by such pledges around the world. Scientists have shown that most fossil fuel reserves cannot be burned without dangerous climate change. Campaigners argue this makes fossil fuel companies bad investments on both moral and financial grounds. The total number of UK universities that are divesting was published on Tuesday by the student group, People & Planet. It found 16 new institutions have committed to divestment, taking the total funds affected to more than £10bn.
Guardian 22nd Nov 2016 read more »