Energy bills are set to rise by 80% from 1st October, taking the average household’s annual energy bill to £3,549. The Trades Union Congress (TUC) estimates that the average UK household’s income in 2023 will be £2,054 per month, making the cost of energy equivalent to around two months’ salary. Meanwhile, the poorest among us have been forced onto pre-paid meters which enable energy companies to charge even more for the same energy. Welcome to Tory Britain.
By Henry Webb
Higher Education institutions have the power to decide whether the fossil fuel industry lives or dies. The dominant players in the energy sector may seem unstoppable. After all, as long as the oil keeps flowing, they’ll find someone to buy it. Their lobbyists will make sure of that. But these behemoths require resources beyond those of just the raw coal, oil, and gas that we are so dependent on – they need capital. Without investment banks to finance everything from pipelines to offshore rigs, the costly infrastructure needed for fossil fuel extraction just wouldn’t exist.
I can’t quite believe I’m writing this, but after 4 long years of campaigning, UEA has finally divested from fossil fuels. People and Planet UEA received the following statement from the University yesterday:
“Over the past 50 years UEA’s researchers have played a leading role globally in developing the science and understanding of climate change and links with carbon emissions. The University remains committed to reducing its own carbon emissions and is investing £6.5million to reduce our carbon footprint from 23,000 tonnes to 12,800 tonnes by 2020. We can confirm that UEA does not have any investments in fossil fuel companies.”*
by Laura Potts
Each university is different from one another. Moreover, they are very different from most other institutions of all types. On one hand they are educational institutions; on the other they are businesses. As businesses they make investments, though this is not something we would usually think of as a priority of educators. It is worth taking the time to investigate what your university is truly involved with and if their investments are ethical, not only for moral peace of mind but also to have a clearer idea of what your tuition fees are being put toward.