At the behest of student activist raising awareness about the climate crisis , universities around the world have recently been pulling their investments from the fossil fuel industry. The University of California pulled all $84 billion in its pension and endowment funds from gas, coal and oil in the fall. Sustained pressure from Georgetown University Fossil Free successfully persuaded the school to divest from fossil fuels and boost its investments in renewable energy earlier this year. The latest school to commit to a fossil-free future is the renowned British institution the University of Oxford, which also asked its fund managers to show evidence of net-zero business plans, as the BBC reported. The school, which has more than $3.7 billion in its endowment fund, made the announcement on Monday. The Oxford Climate Justice Campaign (OCJC) said the resolution was of "historic importance," as the BBC reported. Vice-chancellor Professor Louise Richardson said it would make the university a "world leader in reducing carbon emissions and tackling climate change before it is too late." However, the University of Oxford is late to the party. In 2015, the university said it would stop investing in the worst polluting fuels, but it stopped short […]
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