2019-04-28 13:06:35 -0400
To: University of Strathclyde Senior Management
Divest Strathclyde University
Strathclyde University should -
1. Make an immediate pledge to divest its holdings in fossil fuel exploitation and exploration companies within five years
2. Immediately stop making new investments in fossil fuel companies
3. Instruct its investment managers to reduce the University's existing holdings in such companies with the end goal of having no holdings in the fossil fuel exploration and extraction industry in five years' time.
Why is this important?
The University of Strathclyde prides itself of being 'the place of useful learning' - preparing its students for long and successful careers. Yet by holding £3.8m of investment in fossil fuel exploitation companies our University is betting against our future.
We know that about two-thirds of known fossil fuel reserves cannot be burnt if we are to avoid catastrophic climate change. These investments are either doomed, or we are. Join us in calling on the University to funnel its funds towards the climate solution.