Cambridge University Sticks To Indirect Fossil Fuel Investments

Cambridge University said it would keep investing in funds that hold shares in fossil fuel companies, despite public pressure from hundreds of its academics.

One of the most eminent academic institutions in the world, Cambridge University has an endowment fund (CUEF) of just under 3 billion pounds (US$3.98 billion), the vast majority of which is invested indirectly through funds.

“Disengagement from any funds that have even small fossil fuel components, or that would require CUEF to step back from investments in alternative energy initiatives by global companies currently regarded as fossil fuel companies, would result in significant limitations on the CUEF’s ability to invest as successfully as in the past,” Cambridge said.