The centuries-old English institution is joining a growing list of universities around the world giving in to pressure from environmental campaigners, including their own students, to act against climate change.
Cambridge said its 3.5 billion pound endowment fund will shift investment from fossil fuels toward renewable energy by 2030. "We will be measuring emissions from the activities of every investment in everything from food to transport to energy and manufacturing, across asset classes, and working to reduce them progressively over the period with an aim to reach zero by 2038," the university's chief investment officer, Tilly Franklin, said. "The aim is to build an investment portfolio which is reflective of a future net zero economy.
Easy to say when fossil fuel stocks are low, im sure their tune will change with the market trends.
Just as the Ontario teachers pension plan invests billions in fossil fuels in the middle East. Where's that story or would it not fit your handlers agenda? cdnpoli
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