Subscribe to our free fortnightly newsletter and stay ahead with the latest news in HE

Glasgow to sell fossil fuel investment

The University of Glasgow has become the first university in Europe to sell off the shares it holds in companies producing fossil fuels

Posted by Rebecca Paddick | October 09, 2014 | Sustainability

After a year of student campaigning the University is withdrawing £18m of investments over the next decade.

The decision comes after a campaign led by Glasgow Climate Action Society involving over 1,300 Glasgow students which started with Freedom of Information requests, and quickly led to banner drops, fake oil spills, flash mobs, and rallies.

Sophie Baumert, Glasgow University Climate Action Society, said: “This is a huge step for the Fossil Free campaign in the UK and we hope that our university will serve as a role model for other universities.”

Glasgow joins 13 US universities including Stanford, who have already committed to divest from the fossil fuel industry. 

David Newall, Secretary of the University of Glasgow Court, said: “The University recognises the devastating impact that climate change may have on our planet, and the need for the world to reduce its dependence on Fossil Fuels. Over the coming years we will steadily reduce our investment in the fossil fuel extraction industry, while also taking steps to reduce our carbon consumption.”

Subscribe to our free fortnightly newsletter and stay ahead with the latest news in HE

Related stories

HE pushes forward with sustainability targets

Falmouth University and CEG Digital go Greener

Time to celebrate education sustainability leaders

Celebrating HE's pioneering sustainable practice

Sustainable building for student wellbeing

New green scheme launched at Winchester

Green for go

HE continues to invest in a sustainable future

University of Sussex pledges to 'go greener'

Green Gown Awards finalists announced

Market place - view all

S&C Slatter

S&C Slatter have over 20 years experience as specialists in constru...

Casio Electronics Co Ltd

Casio is a market-leading global electronics manufacturer. It launc...

Monitor IT

The cashless campus is becoming more of a reality. Universities and...

Haines Watts

Haines Watts can provide you with more than just a set of books at ...

Tech Data

As one of the world's largest wholesale distributors of technology,...

Exterity

Exterity is a market-leading provider of IP video and digital signage ...