Monday, February 12, 2024

"Oxford under fire for increasing fossil fuel investments"

That was the headline at the Financial Times on Sunday, subhead:

University’s exposure has risen despite landmark 2020 commitment to divestment 

Which brings to mind a story, also from 2020:

....I on the other hand am not so nice. For example, I laughed out loud when I saw this story in the London Times, January 31:

Two students at St John’s College wrote to Andrew Parker, the principal bursar, this week requesting a meeting to discuss the protesters’ demands, which are that the college “declares a climate emergency and immediately divests from fossil fuels.” They say that the college, the richest in Oxford, has £8 million of its £551 million endowment fund invested in BP and Shell.
Professor Parker responded with a provocative offer. “I am not able to arrange any divestment at short notice,” he wrote. “But I can arrange for the gas central heating in college to be switched off with immediate effect. Please let me know if you support this proposal.”...
Of course this led 14 of Harvard's finest to write an open letter expressing their solidarność with the oppressed Oxford students:
Harvard Faculty Call on Oxford Faculty to Support Student Demands for Divestment