For every student in the UK, universities currently invest £1,804 in the fossil fuel industry! The University of Liverpool has nearly £12m invested in major polluting companies like BP and Shell.
Climate change (caused by fossil fuels) is real and it’s happening now with devastating consequences. We must call on the University of Liverpool to cut all ties with the fossil fuel industry.
We are calling upon the University to:
Stop investing money in oil and gas companies
Have permanent student representation on the Investment sub-committee to make sure that the University sticks to their commitments
Refuse research contracts with fossil fuel companies
The UN has warned that we have just 12 years to prevent runaway climate change. 2018 was a year characterised by climate change related events: deadly wildfires as temperatures soar and catastrophic flooding as sea levels rapidly rise.
Climate change also comes with a huge human cost. Already, 22 million people are displaced by climate-related disasters every year. The fossil fuel industry is responsible for this. Furthermore, fossil fuel companies displace indigenous communities (sometimes violently), imposing extractive infrastructure and poisoning local water in order to extract fossil fuels.
In a world that must move to clean energy, investments in fossil fuels are increasingly financially (as well as environmentally) unsustainable.
It’s time for change. We must demand full divestment from fossil fuels now.
Divestment is the opposite of investment; it is simply the act of removing money for a particular fund or asset (stocks or bonds)
As leaders in research and drives for social change, Universities have a social responsibility to end their support for the fossil fuel industry. By withdrawing their investments from companies like Shell or BP, public institutions are able to attack the fossil fuel industry’s reputation and social license to operate.
The University claims “We will recognise the social, economic and environmental impact of our activities and seek to minimise harm to the natural environment and increase our social value, wherever we operate.” Their investment in and research partnerships with fossil fuel companies contradicts in every way. We must campaign for change.
The global fossil fuel divestment movement has been campaigning since 2011. Over this time 1000 institutions have pledged to withdraw investment from fossil fuels, worth $7.93 trillion!
Government bodies (Ireland, London, New York, Paris, Sydney, Berlin…)
For profit corporations (Guardian Media Group, PCG Investments…)
Pension funds (London Borough of Hackney Pension Fund…)
Healthcare institutes (British Medical Association, The British Psychological Society)
Non-Governmental Organisations (350.org, WWF UK…)
Faith-based organisations (World Council of Churches, Church of Ireland…)
…and dozens of education institutions all over the world. 51 UK universities have now committed to full divestment, including Sheffield, Newcastle and Bristol, and we want the University of Liverpool to be next!
How can you get involved?
Stand with us in telling the University to cut all ties with the fossil fuel industry:
Sign our petition
Share it on social media and across campus to make it clear to the University that their students want a Fossil Free University!
We have submitted a report directly to the University of Liverpool’s Investments Committee calling for them for the divest. Read the report here.
University of Liverpool Divest from Fossil Fuels
As of 31st July 2018, the University held £9m* worth of investments in fossil fuel companies, including BP, Shell and Exxon Mobil. The Fossil Free campaign team submitted a paper demanding that these investments were sold. The Investments Sub-Committee endorsed our demands and the decision to divest was approved by University Council in July.
Full divestment is a huge win for the Fossil Free movement and an important part of addressing the climate crisis we are facing.
Get involved with the campaign
Come to our meetings and events! You can also email Deputy President, Hannah Nguyen, for more information on how you can get involved.