Cambridge University Makes $4.5 Billion Fossil-Fuel Divestment Promise

Cambridge University students march through central Cambridge demanding the university divest its unethical investments in arms and fossil fuels companies in 2018.

Photographer: Robert Evans/Alamy

After five years of sustained pressure that saw students protest and graffiti on ancient buildings, Cambridge University has committed to divesting its endowment from fossil fuels in a more comprehensive way than its peers have done so far.

The 800-year-old university said today that it will divest direct and indirect holdings in fossil fuels from its 3.5 billion pound ($4.5 billion) fund by 2030 and pledged to make “significant” investments in renewable energy by 2025. It also promised to ensure greenhouse-gas emissions from the activities of all its investments balance out to zero by 2038. The institution last year committed to reaching neutrality on its own energy-related emissions by 2048.

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