Tag: fossil fuel

University of Liverpool to divest from all fossil fuels

Stuart Mitchell

The University of Liverpool has committed to sell its remaining £2.8m holdings in fossil fuel companies by July 2022, which represents 1.2% of the University’s investment portfolio. This decision was influenced by the Guild’s Fossil Free campaign and approved by the University’s Council in July. The move to fully divest from fossil fuels builds on the University’s ethical investment policy introduced last year, which committed the University to exclude companies that derive more than 10% of their revenue from thermal coal and tar sands. This exclusion will now be broadened…

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Amnesty International to divest from fossil fuel companies

Stuart Mitchell

Amnesty International will divest from fossil fuel companies in acknowledgement that investment in an industry whose products are the primary source of the climate crisis is at odds with the organisation’s mission of protecting and championing human rights. The decision to divest was taken at Amnesty’s Global Assembly, attended by delegates from around the world. The assembly also voted to take further steps to reduce the organisation’s climate impact, including by aiming to be totally carbon neutral by 2035, slash air travel by a third and move towards holding more virtual…

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National Trust announces it will divest from all fossil fuel companies

Stuart Mitchell

The National Trust has announced it will cease any investment in fossil fuel companies. The charity will introduce a series of new measures to ensure its investment strategy continues to support its aims as a conservation charity.  Previously the Trust had required that no investment be made directly in companies which derived more than 10 per cent of their turnover from the extraction of thermal coal or oil from oil sands.  Fossil fuel investments comprise just 4 per cent of its current portfolio. Hilary McGrady, Director General of the National…

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