Queensland University of Technology to divest its fossil fuel shares
Queensland University of Technology commits to divesting its fossil fuel shares, ABC News by Nick Kilvert, 5 Sep 16, Student activists and academics at the Queensland University of Technology (QUT) are celebrating after learning the university has committed to divesting its shares in fossil fuels.
The decision comes after an ongoing campaign by Fossil Free QUT, which included an open letter signed by more than 120 academics, calling for the university to join the global movement, following the success of similar campaigns at universities across Australia.
Vice-chancellor Professor Peter Coaldrake sent a statement via email on Friday informing staff of the decision to steer investments away from coal, oil, and gas companies.
“We have reviewed QUT’s investments relative to climate risk and instituted changes to the university’s investment strategy,” the statement said.
“QUT is committed to an orderly and considered transition away from investment in fossil fuel companies.”…….
The move makes QUT the first university in Queensland and the second largest in Australia to withdraw investment in fossil fuel companies, and comes despite a strong focus on geological science (earth science) at the university’s Gardens Point campus…….http://www.abc.net.au/news/2016-09-05/qut-to-divest-fossil-fuel-investments/7816016
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