The University secretly purchased shares from BHP, BP, Shell and Rio Tinto in 2022, despite its claims of ongoing divestment.
The SRC Environment Officers said that stopping short of divesting from all fossil fuel companies is “greenwashing at best.”
UNSW joins La Trobe and QUT in divesting from fossil fuels.
The $13.3 million divestment is a significant win for the Fossil Free UNSW campaign, as the USyd campaign continues to demand similar substantive commitments
USyd is falling behind other universities on divestment
The share portfolio’s emissions intensity of the University has increased from 2016.
Activist groups are seeking to expose the ties between universities and the fossil fuel industry.
The Fossil Free Universities campaign has been revitalised with a focus on “exposing the ties”
Joshua Dabelstein reports on the University’s new divestment plan.