Antinuclear

Australian National University sells off fossil fuel interests – but not enough of them

ANU decision to sell fossil fuel company holdings not enough: students By Lisa Mosley ABC News,  3 Oct 2014,  An Australian National University (ANU) decision to sell off about $16 million worth of its investments in seven fossil fuel companies does not go far enough, a students’ group says.

ANU said it would divesting itself of shares in Newcrest Mining, Iluka Resources, Oil Search and Santos, among other companies.

Vice-chancellor Professor Ian Young said it was important that the university did not invest in companies that are doing some form of social harm……….

Louis Klee from the group ANU Fossil Free said while it was a big achievement for the university, the decision did not go far enough.

He said the ANU still had major holdings in BHP Billiton, Rio Tinto and Woodside Petroleum.

“It is wrong for ANU to continue to profit from these industries that are responsible for the wreckage of the planet,” he said. …….http://www.abc.net.au/news/2014-10-03/anu-selling-fossil-fuel-company-holdings-not-enough-student-says/5789748

October 6, 2014 - Posted by Christina Macpherson | ACT, business