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Glasgow University Divests Fossil Fuel Holdings

Glasgow University has become the first academic institution in Europe to decide to divest its fossil fuel holdings, EcoWatch reported earlier this month.

“This is a victory for the student-led Glasgow University Climate Action Society,” Pantsios wrote. The University of Glasgow Court voted to divest £18 million (about US$29 million) over the next 10 years, and freeze further fossil investments from its £128 million endowment, “after a year-long campaign involving more than 1,300 students, freedom of information requests, rallies, flash mobs, fake oil spills, and banner drops.”

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