We endeavour to make the University of Liverpool divest fully from the fossil fuel industry within 2 years, by implementing a divestment clause as part of their ethical investment policy.
Why is this important?
This is important because the University of Liverpool currently invests £12 million per year in the fossil fuel industry, which is 8% of their endowment. The time to reduce fossil fuel consumption is running out, and by not divesting, the University appears to be endorsing the actions of the fossil industry, and thereby failing to act on the issue of human-induced climate change.
Climate change negatively affects the poorest most, and by not divesting from fossil fuels the University shows a callous disregard for the poorest populations and most vulnerable. The university is home to a leading institute for renewable energy research, yet they cannot actively be a world leader in green energy whilst funding the most polluting industry on earth.
The students of this University clearly care about the environment and have created a movement within their Guild of Students to help implement a greener University (Green Guild). If this University wishes to abide by the active will of the student body, they will divest from this morally corrupt and ethically questionable industry without delay.
