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Oxford University bans fossil fuels investments

The University of Oxford has agreed to halt all investment in fossil fuels following months of campaigning and prominent protests that saw students occupy St John’s College in January, writes Gergana Krasteva for Oxford Mail.

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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