TO DIVEST FROM FOSSIL FUELS, UEA MUST DIVEST FROM BARCLAYS

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.

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UEA: BANKING ON IMMORALITY

by Robyn Banks

If it’s not one thing it’s another with UEA. Weeks after their announcement that they’ve finally divested from fossil fuel companies, People and Planet UEA have discovered that the university has nearly £23 million invested with Barclays Bank. This won’t be particularly surprising to most – there is a branch on campus after all – but it shows the university’s ongoing decision to disregard the unfolding environmental and ethical situation of the world it operates in.

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UEA: FOSSIL FREE AT LAST

by Robyn Banks, on behalf of Fossil Free UEA

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.”*

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ELITISM REFUSES TO DIE – THE UNIVERSITY FUNDING PROBLEM

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by Robyn Banks

Last month, Freddie DeBoer wrote about the failure of the university system in the United States to equally fund different institutions across the country. Looking specifically at Connecticut, DeBoer shows how Yale, one of the prestigious Ivy League universities, fuels social inequality by receiving public funds as well as other sources for revenue whilst other, more accessible community colleges are “cut to the bone”.

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