SOAS, the School of Oriental and African Studies, which is part of the University of London, has announced a FREEZE ON ALL FOSSIL FUEL INVESTMENTS!
They follow the universities of Glasgow and Edinburgh in reevaluating their investment strategy in light of climate change and wider environmental degradation as a consequence of supporting the fossil fuel industry.
As SOAS management said: “The management of SOAS has a duty to ensure that the School’s investments deliver a financial return – but we also have a duty to invest responsibly…We have already made some progress in minimising the environmental impacts of our buildings and facilities. Now is the time to look at how these values may be extended to our financial investments.”
However, this isn’t the final step. As Fossil Free SOAS spokesperson Julia Christian, said, “This is fantastic progress towards cleaning up SOAS’ fossil fuel investments – but it is only a first step. We want to see SOAS pull out of fossil fuels completely, and will be pushing for that decision at the next meeting of finance team in November.”
Congratulations on your success, SOAS: Cambridge, we’re looking at you!