Cambridge University to Divest From Fossil Fuels by 2030
Wed, 14 October 2020
Following a five-year campaign by students, academics and politicians, Cambridge University has finally agreed to divest its £3.5bn endowment fund, one of the largest in Europe, from fossil fuel corporations by 2030.
This is part of a wider plan to reduce the University's emissions to net-zero by 2038. Also, all future research funding and other donations will be checked thoroughly to ensure compatibility with the university’s net zero target before any funding is accepted.
The Cambridge Zero Carbon Campaign welcomed the announcement as a “historic victory for the divestment movement”.
Credit Photo by Vadim Sherbakov on Unsplash