University of Edinburgh announced it would move its entire investment portfolio out of the fossil fuel industry over the next three years. The University currently holds £6.3million in fossil fuels companies: Total, Atlas Copco and BG Group. The University’s endowment is the third largest in the UK, behind Cambridge and Oxford, making the decision the largest full divestment of any UK university so far. This came after a long-running student campaign and the University's 2015 decision to divest from coal & tar sands following a 10-day occupation.
Barclays is a major investor in fossil fuel infrastructure across the globe it's time for them to halt their support for the fossil fuel industry before they crash the climate or the economy. Students in the network decided they would build a movement that will get unis to break ties with Barclays, build a mass boycott, end sponsorship deals and show Barclays up for the climate criminal that they are.
At the Barclays Annual General Meeting (AGM), the Chairman John McFarlane told shareholders that the bank would be withdrawing their financing of fracking company Third Energy - licensed to frack in Ryedale, North Yorkshire. Barclays owned a 97% controlling stakes in Third Energy. This was a huge victory for the anti-fracking and climate justice movement in the UK, showing the power of organising and building coalitions in our local communities.
EAUC were accepting sponsorship from British Gas for their national conference where environment managers from UK universities and colleges come to discus how to make our institutions more sustainable.
After students and staff demanded they stopped the greenwash and drop them as a sponsor for all future events - they quickly blacklisted all fossil fuel companies from their events.