BREAKING: OXFORD UNIVERSITY REJECTS COALS AND TAR SANDS INVESTMENTS

In a statement just released by University Council, Oxford has committed not to invest in coal and tar sands fuel:

“Council encourages OUem (Oxford Endowment Management) to maintain its rigorous assessment of potential investments across a number of risk criteria, particularly social and environmental impacts, alongside other investment criteria. Council recognises that OUem’s Governance Policy is designed to avoid investment in sectors with the highest environmental and social risks, leading to its present situation of no direct holdings in coal and oil sands companies – one of the key points in the OUSU representation. Council has asked OUem to maintain this position and avoid any future direct investments in coal and oil sands.”

The full statement can be read here: http://www.ox.ac.uk/news-and-events/fossil-fuel-divestment

THE PRESS RELEASE ON THE DECISION CAN BE READ HERE: http://350.org/press-release/oxford-university-takes-a-moral-stand-on-coal-and-tar-sands/