The divestment debate: should UCL sell up?
By ucyow3c, on 8 April 2015
Written by Brigid Marriott, Faculty Communications Officer, UCL Laws
As calls for fossil fuel divestment grow, universities across the world are being forced to consider the management of their endowments. Stanford, Glasgow and Sydney universities have already begun the process of full or partial divestment from fossil fuels.
Oxford has decided to defer its decision on the issue, while Harvard is preparing to fight a lawsuit – brought by its own students – to try to force the university to drop its direct investments in coal, oil and gas companies.
On Tuesday 24 March, the Guardian newspaper published a letter from UN Climate Chief Christiana Figueres to her alma mater, Swarthmore College, calling on the college’s administration to decarbonise its investment portfolio.
That same evening, six experts from across UCL gathered to debate whether the institution should do the same and sell off its £21 million investment in fossil fuel companies.