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Oxford Delays Fossil Fuel Divestment Decision; Guardian Launches Campaign

HeadlineMar 17, 2015

The storm’s devastation on Vanuatu has unfolded amid growing pressure against the oil, gas and coal companies largely responsible for climate change, which fuels extreme weather. Alumni of Oxford University in Britain occupied a building on campus Monday after the university failed to make a decision on a student-backed call to divest from fossil fuels. The Oxford University Council said it needed more time to consider the proposal. Meanwhile, one of Britain’s leading newspapers has launched its own fossil fuel divestment campaign. The Guardian has partnered with 350.org to launch a petition calling on two philanthropic groups — the Bill & Melinda Gates Foundation and the Wellcome Trust — to end their heavy investment in fossil fuels. The Guardian’s editor-in-chief, Alan Rusbridger, wrote: “The argument for a campaign to divest from the world’s most polluting companies is becoming an overwhelming one, on both moral and financial grounds.” Rusbridger said The Guardian would also lobby its own parent company, Guardian Media Group, to divest.

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