Oxford University bans fossil fuels investments
The institution is now required to cut all ties with fossil fuel firms and end future investments after the Congregation – the supreme governing body of the university, essentially consisting of all Oxford academic staff, and more senior academic-related staff – passed a long-awaited motion last week.
Activists from the Oxford Climate Justice Campaign were the first to highlight the university’s financial involvement with these companies. The campaign earned great support from the student body and council, and was sponsored by 79 senior university figures.
The new policy requires that managers of the university’s endowment, which amounts to lb3 billion (US3.8 billion), must acquire evidence of ‘net-zero business plans’ from companies within Oxford’s portfolio of investments.
Full report on the Oxford Mail site
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