Cambridge University rejects calls to divest from fossil fuels

Cambridge University rejects calls to divest from fossil fuels l The Guardian

by, Adam Vaughan, June 19, 2016

The University of Cambridge has rejected calls to divest its £5.9bn endowment from fossil fuels, as students, academics and the former archbishop of Canterbury Rowan Williams have called for.

In a report on Friday, the university ruled out future investments in coal and tar sands, although it currently has no direct holdings in either, and only negligible holdings in coal by investments managed externally.

 

Working group on investment responsibility argues it is better to keep investments in oil and gas companies, rather than divest £5.9bn endowment