Over the coming years we will steadily reduce our investment in the fossil fuel extraction industry, while also taking steps to reduce our carbon consumption.” David Newall, Secretary of the University of Glasgow Court, says: “The University recognises the devastating impact that climate change may have on our planet, and the need for the world to reduce its dependence on fossil fuels. The divestment campaign led by Glasgow University Climate Action Society involved over 1,300 Glasgow students and academics who demanded that the university quit funding an industry that undermines the institutions’ values and threatens students’ future. The University of Glasgow had assets of at least £19 million invested in fossil fuel companies. After a year of student campaigning, the University Court voted today to divest its £128 million endowment and join the rapidly growing fossil fuel divestment movement. Glasgow, UK - The University of Glasgow is the first university in Europe to withdraw its funds from fossil fuel investments.
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