Fossil fuel companies’ current reserves of oil, coal and gas hold 5 times more carbon than the world’s atmosphere can safely handle. Their business plan will cause climate chaos for billions of us, yet UK universities still collectively invest £5.2 billion in fossil fuel companies.
The University of Cambridge and Colleges have an overall endowment that equates to almost £5 billion. Without an ethical policy (unlike universities such as Oxford, UCL and St. Andrews), this money is invested in companies without consideration of their catastrophic environmental impact. At a global and local level, the impacts of these investments contradict the University’s positive contributions to society, through research and education.
Thus, Zero Carbon has just launched its new divestment campaign. To get involved by signing the petition, click here.
This is really important, so let’s all get together and do some ethicalisation!