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18/10/2020

Cambridge University will stop investing in fossil fuels by 2030

Cambridge University has one of the biggest endowment funds amongst European Universities, worth £3.5 billion. In 2017, "The Guardian" revealed, that the University had invested millions of pounds into offshore funds that supported deep sea drilling as well as oil and gas companies such as Royal Dutch Shell. Furthermore, Cambridge Colleges were also found to have investments in fossil fuels.

For the last five years, students, academics and politicians have participated in protests against these fundings. The Cambridge "Zero Carbon Campaign" called the University's announcement a "historic victory for the divestment movement". Sir David Attenborough, honorary patron of the Cambridge Conservation Initiative, commented: "It is hugely encouraging that Cambridge University, home of the Cambridge Conservation Initiative, should now be making this important contribution towards the restoration of the health of the natural world,".


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