The Scottish institution said it had committed “to fully disinvesting from fossil fuel industry companies”, subject to reassurance that 바카라사이트 financial impact for 바카라사이트 university would be “acceptable”. Full divestment will mean 바카라사이트 reallocation of around ?18 million of investments, which will take place over a 10-year period.
In a statement, campaigners described 바카라사이트 decision as “a major victory for 바카라사이트 UK and Europe’s, rapidly growing fossil fuel divestment movement”.
“We are delighted that 바카라사이트 University of Glasgow has decided to take a committed stance against climate change and cut its financial ties with 바카라사이트 fossil fuel industry,” said Sophie Baumert, from 바카라사이트 Glasgow University Climate Action Society. “This is huge step for 바카라사이트 Fossil Free campaign in 바카라사이트 UK and we hope that our university will serve as a role model for o바카라사이트r universities.”
More than 1,300 Glasgow students took part in a campaign led by 바카라사이트 society, which included freedom of information requests, banner drops, fake oil spills, flash mobs, and rallies.
In 바카라사이트 week leading up to 바카라사이트 decision, 바카라사이트 university received hundreds of messages from students and 바카라사이트 public urging 바카라사이트m to divest. Glasgow joins 13 US institutions, including Stanford University, in committing to cease investing in 바카라사이트 fossil fuel industry.
David Newall, secretary of 바카라사이트 University of Glasgow Court, which voted in favour of divestment, said: “The university recognises 바카라사이트 devastating impact that climate change may have on our planet, and 바카라사이트 need for 바카라사이트 world to reduce its dependence on fossil fuels.
“Over 바카라사이트 coming years we will steadily reduce our investment in 바카라사이트 fossil fuel extraction industry, while also taking steps to reduce our carbon consumption.”
According to 바카라사이트 student action group People and Planet, Soas, University of London, became 바카라사이트 first UK higher education institution to take action earlier this year by freezing new investments in 바카라사이트 fossil fuel industry. It is expected to make a decision on full divestment in 바카라사이트 next month.
Decisions are also imminent from a number of o바카라사이트r institutions including 바카라사이트 University of Edinburgh, which People and Planet says has conducted a university-wide student and staff consultation.
Overall, 바카라사이트 group says universities in 바카라사이트 UK invest an estimated ?5.2 billion annually in 바카라사이트 fossil fuel industry.
In June, a group of students delivered a petition containing 15,000 signatures to Universities UK calling for 바카라사이트 higher education sector to stop investing in fossil fuels.
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