Glasgow University has become the first academic institution in - TopicsExpress

Glasgow University has become the first academic institution in Europe to divest from the fossil fuel industry, in a turning point for the British arm of the student-led global divestment movement. After 12 months of campaigning, led by the Glasgow University Climate Action Society and involving over 1,300 students, the university court on Wednesday voted to begin divesting £18m from the fossil fuel industry and freeze new investments across its entire endowment of £128m. Describing the result as “a dramatic beachhead for the divestment movement”, American environmentalist Bill McKibben said that it sent a powerful signal that Europe would be just as powerful in this fight as Australia and North America. The founder of climate campaign group 350.org added: That it comes from Glasgow, which has as much claim to birthing the industrial revolution as any city on Earth, makes it that much more special. Everyone from the Rockefellers on down is realising it’s time to move on. ” - Libby Brooks, The Guardian

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