University announced fossil fuel divestment

We’re pleased to share the news that yesterday the University of Nottingham announced that it will remove any investments in fossil fuels.

Currently around 6% of the University’s £50 million endowment fund is invested in the oil and gas sector. Any investments in coal and tars sands will be removed immediately and the University will completely divest its financial portfolio from fossil fuels within the next 12 months.

Natasha Bednall, Students’ Union Environment and Social Justice Officer said:

“Divesting from fossil fuels is a fantastic step in the right direction for the University; I am pleased to see our Vice Chancellor taking action on the University's commitment to becoming a leading green university and hope it will be followed by further investments in sustainable energy. It is also of great importance that we recognise the students, past and present, who have exerted pressure on the University for a number of years to make this step - student activists from the Divestment campaign should be immensely proud of themselves!

The Students’ Union is also committed to this cause and policy was passed at Union Council in 2016 to not invest in fossil fuels.

Read the University story here: https://www.nottingham.ac.uk/news/pressreleases/2018/april/the-university-of-nottingham-fossil-fuel-divestment.aspx

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