The University of Cambridge is planning to kick all fossil fuel investments out of its portfolio within the next decade as part of a plan to end the emissions of greenhouse gases it’s responsible for by 2038
Via AP news wire
Thursday 01 October 2020 14:37
Britain Cambridge University Climate
Britain Cambridge University Climate (AP2009)
The University of Cambridge said Thursday that it will kick all fossil fuel investments out of its portfolio within the next decade as part of a plan to end the emissions of greenhouse gases it’s responsible for by 2038.
The centuries-old English institution is joining a growing list of universities around the world giving in to pressure from environmental campaigners, including their own students, to act against climate change.
“The university is responding comprehensively to a pressing environmental and moral need for action with an historic announcement that demonstrates our determination to seek solutions to the climate crisis,” Vice Chancellor Stephen Toope said in his annual university address. “We will approach with renewed confidence our collaborations with government, industry and research partners around the world as together we work for a zero carbon future.”
Cambridge said its 3.5 billion pound ($4.5 billion) endowment fund will shift investment from fossil fuels toward renewable energy by 2030.