Alumni Occupy Oxford Uni To Protest Fossil-Fuel Indecision
Alumni of the University of Oxford are occupying the university in protest over its failure to divest from fossil-fuels.
The University, under pressure to act on its major investments in fossil-fuels, announced today it was postponing a decision on what to do with its investments until May.
Oxford University has the UK’s second largest endowment fund, valued at £855 million in 2012, with a further £2.9 billion of investments controlled by its colleges.
Occupying alumni included the University’s own former Finance Director, John Clements. The BBC quoted him saying: “we are bitterly disappointed about the university’s failure to come to a decision. Oxford should be leading the move away from investment in all world-destroying fossil fuel companies to more sustainable forms of energy.”