UEA: BANKING ON IMMORALITY

by Lewis Martin

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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DIRTY MONEY – HOW ETHICAL ARE OUR UNIVERSITIES’ INVESTMENTS?

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.

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SEVEN WAYS THE TORIES HAVE UNDERMINED OUR DEMOCRACY

by Chris Jarvis

Since coming to power under the coalition in 2010, the Tories have repeatedly paid lip service to the principles of democracy. David Cameron’s concept of the ‘big society’ was outlined in democratic terms, where local communities would be empowered to have control over public services and community projects. ‘Localism’ and rhetoric around extending local democracy were key components of both the 2010 and 2015 Conservative Party General Election platforms.

Ultimately though, the reality is far from the picture Conservative ministers and strategists are painting. Through Cameron to May, the Tories have repeatedly undermined democracy in Britain and we are far worse off as a result. Here are just seven of the many ways they have done this.Continue Reading

GENERATION PARK NORWICH: TOO BIG TO FAIL?

by Suzanne Jones

In March this year the Evening News reported that Generation Park Norwich (GPN) had run out of money, leaving its backers (Norwich (NPH) LLP) with debts of £3M.   The ‘green’ credentials of UEA, the leading advocate of the scheme, had been further undermined by the complete failure of their own biomass project, at a cost of £10M, and were first reported in the Norwich Radical in August 2015.

Norwich City Council (NCC) seemed to be back to square one after spending 12 years and £700k of public funds trying to come up with a viable use for the Utilities Site, to the east of the city centre. To quote Clive Lewis, the Norwich South MP, the whole scheme seemed to be ‘dead in the water’ before it had even got off the drawing board.

Yet now, like a phoenix from the incinerator’s ashes, it has miraculously risen again; ‘mysterious’ new backers have emerged, and things are back on track for the planning application to finally be heard in July or August. How is it that proposals which have been dogged by controversy, bankruptcy and delay refuse to die? Are there reasons why Generation Park Norwich (GPN) is just too big to fail?Continue Reading

RBS IS CUTTING FOSSIL FUEL INVESTMENTS. DOES IT MATTER WHY?

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by Olivia Hanks

The news that Royal Bank of Scotland has cut its investment in fossil fuels by 70% is only the latest in a string of decisions by high-profile investors to pull back from oil and coal. Norway’s sovereign wealth fund has divested from companies that derive more than 30% of their sales from coal; and, last month, the Rockefeller Family Fund announced that it would no longer invest in fossil fuels.

The fact that both Norway and the Rockefeller family derive their wealth from oil has not been lost on commentators. Whether or not you consider it hypocritical to invest ‘dirty’ wealth in ‘clean’ projects (if so, what should be done with it instead?), the low price of oil and coal has offered a perfect PR opportunity with no financial sacrifice.Continue Reading