Climate activists at the University of Sydney and around the world have frequently argued that investors should refuse to invest in morally compromised or environmentally damaging industries. But is that really effective? What other options do we have?
Browsing: fossil fuels
The DRC’s plans to auction off drilling rights to oil and gas companies in the Congo Basin threatens global climate targets and undermines international climate summits.
EnviroWeek included sustainability lectures, bake sales and floral treasure hunts – all while $338,130 of the USU’s funds was effectively financing BHP, Rio Tinto, and Woodside Petroleum.
The international letter opposes collaborative funding partnerships between universities and fossil fuel companies that compromise academic freedom.
As the country’s politicians continue to back fossil fuels, including the Morrison government’s expensive Kurri Kurri gas plant, its energy market moves towards green sources.
“We don’t own the land – we’re here to look after it.”
The SRC Environment Officers said that stopping short of divesting from all fossil fuel companies is “greenwashing at best.”
This stunt coincided with education actions also on campus today.
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
