Fossil fuel divestment soars in UK universities

The number of British universities divesting from fossil fuels has leaped to 43, a quarter of the total. The surge means the United Kingdom leads the world in campus action to pull university funds from oil, gas and coal, writes Damian Carrington for The Guardian.

Scientists have shown that most fossil fuel reserves cannot be burned without dangerous climate change. The total number of UK universities that are divesting was published last Tuesday by the student group, People & Planet. It found 16 new institutions have committed to divestment, taking the total funds affected to more than £10 billion (US$12.5 billion).

Most committed to sell off all fossil fuel investments, including the University of Kent, University of Lincoln, Cardiff Metropolitan University and Manchester Metropolitan University. Others committed to divest the most polluting investments – in coal and tar sands – including the University of Sussex, Aston University and Goldsmiths, University of London.
Full report on The Guardian site