Wednesday, 18 March 2015 00:00

Oxford Alumni to Hand Back Diplomas After School Defers Divestment

Written by  Lauren McCauley | Common Dreams
Oxford University alumni refused to vacate an administration building after the school council voted to postpone a decision to divest from fossil fuels. Oxford University alumni refused to vacate an administration building after the school council voted to postpone a decision to divest from fossil fuels. Oxford University Fossil Free Divestment Campaign

'This deferral represents serious complacency towards the urgent need for action on climate change,' student group warns.

Alumni and students of Britain's Oxford University are up in arms over the school's deferral of a plea to pull shares of its $3.9 million endowment from fossil fuel companies.


Following the University Council decision on Monday to postpone the matter of divestment to a "future meeting," a number of alumni swiftly claimed occupationof a university administration building to demonstrate their anger over the announcement.

"Oxford Alumni Say Divest From Fossil Fuels," read a banner which the protesters draped out of a building window.

Other graduates of the esteemed school, including Guardian journalist George Monbiot and solar energy entrepreneur Jeremy Leggett, pledged to symbolically hand back their diploma over the board's refusal.

"For an academic institution charged with the responsibility of shaping young lives the choice ought to be clear. It doesn’t make sense to train young people to nurture civilization with one hand while bankrolling the sabotage of it with the other," Leggett wrote.

Following the meeting on Monday, the council released a statement saying: "Last October’s Oxford university student union resolution has raised an important and multi-faceted matter which requires thorough consideration. The university council had a good discussion of the issues and agreed to consider the matter further at a future meeting."

Responding to the announcement, the Oxford University Fossil Free Divestment Campaign, which organized the divestment resolution, said it was "disappointed" with Oxford's decision. "This deferral represents serious complacency towards the urgent need for action on climate change," the group said.

The campaign is calling on supporters to continue to lobby the university to divest, adding: "The University must also know that our campaign will only grow from here; we will continue to make our demands, now with renewed urgency and determination."

Alumni and university donors can sign a petition to the school here.

Students at Harvard University are preparing for a week-long campaign in April to lobby the school to pull their funding from the top 200 publicly traded fossil fuel companies.

Over the weekend, the United Nations climate change body threw its own "moral authority" behind the growing movement and the 180 institutions which have thus far committed to divest.

"We support divestment as it sends a signal to companies, especially coal companies, that the age of 'burn what you like, when you like' cannot continue,"said Nick Nuttall, spokesman for the UN Framework Convention on Climate Change (UNFCCC). "Everything we do is based on science and the science is pretty clear that we need a world with a lot less fossil fuels."

Original article on Common Dreams

 

Read 2228 times

Latest Economic and Social Justice News

  • For Many Americans, the Great Recession Never Ended. Is the Fed About to Make It Worse?

    Why it’s a mistake for the Federal Reserve to raise interest rates this year. When the Federal Reserve considers raising interest rates on July 28—and then again every six weeks after—MyAsia Reid, of Philadelphia, will be paying close attention. Despite holding a bachelor’s degree in computer science, completing a series

    Read More
  • Student 'Aid' Industry Parade Crashed by Debtors Demanding Free Higher Ed

    "A loan is not aid," declared student debt striker Michael Adorno-Miranda   When thousands of student "aid" administrators, who were gathered in New Orleans for an industry conference, threw themselves a parade on Monday, they were confronted with something they likely were not expecting: a counter-spectacle of anti-debt campaigners demanding

    Read More
  • Did ICE Violate Its Own Deportation Guidelines in Arresting Chicago-Area Unionized Meatpackers?

    On Friday, June 26, workers from the Ruprecht Company’s meatpacking factory in Mundelein, Illinois, walked off the job in a spontaneous strike against a pending immigration audit. Several weeks later, eight Ruprecht workers, three of whom are members of UNITE HERE Local 1, have been apprehended by immigration authorities.

    Read More
  • The Problem With the Fight for 15

    On the need for workers to look beyond city councils and form a radical new labor movement.   Is the best way to achieve higher wages really legislation? Many think so. Across the country, working people are eagerly waiting to feel the effects of new laws that raise the minimum wage. Seattle will see

    Read More
  • DOL Decision Could Mean the End of Wage Theft Through “Independent Contractor” Misclassification

    Are you an employee? It seems like a simple question that must have a simple answer for most people. But definitions in different laws and rulings enforcing the laws vary. And that variation provides an opening for a growing number of employers to cheat governments of taxes and workers of

    Read More
  • Spreading a Minimum Wage Increase from Los Angeles to the Whole Country

    Our economy has long been out of balance. Workers’ efforts across the country create wealth, but the profits don’t get to the working people who produce them. Correcting that so that workers are paid enough to sustain their families and make ends meet, is not easy. It requires changing rules

    Read More
  • Varoufakis: Troika Forced Syriza Into Choice Between 'Suicide or Execution'

    Former finance minister blasts EU, saying: "No one government should ever be treated that way in the context of a club of democratic nations."   In his first international television interview since stepping down from his post as Greek Finance Minister, Yanis Varoufakis toldCNN's Christiane Amanpour on Monday that European lenders

    Read More
  • What Recovery? Report Reveals Rising Poverty for Children in America

    Annie E. Casey Foundation study finds recovery from Great Recession has left out children of color altogether.   There are roughly three million more U.S. children living in poverty today than during the outbreak of the Great Recession in 2008, and the so-called economic recovery has bypassed children of color

    Read More
  • 35 Mind-Blowing Facts About Inequality

    While Hillary Clinton occasionally gives some lip service to the problem of extreme inequality, Bernie Sanders is the only candidate really hammering away at it. He has even blasted the orthodoxy of economic growth for its own sake, saying according to Monday’s Washington Post that unless economic spoils can be redistributed to make more

    Read More
  • Jeb Bush Wants You to Work Longer Hours

    His vision for the economy is out of step with reality: The US lacks good jobs, not productive workers. When economic theory makes its way into campaign trail chatter it can take on a life of its own. And Jeb Bush’s gaffe-of-the-week showed how even today, Reaganomics keeps trickling down

    Read More
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11

Featured News

  • White House set to adopt sweeping curbs on carbon pollution +

    The Obama administration will formally adopt an ambitious regulation for cutting greenhouse-gas pollution on Monday, requiring every state to reduce Read More
  • 'Corporate Influence Has Won': House Passes Anti-GMO Labeling Bill +

    Legislation dubbed the DARK Act had backing of powerful groups who poured money into defeating state-level GMO-labeling efforts. The U.S. Read More
  • For Many Americans, the Great Recession Never Ended. Is the Fed About to Make It Worse? +

    Why it’s a mistake for the Federal Reserve to raise interest rates this year. When the Federal Reserve considers raising Read More
  • How the 2000 Election in Florida Led to a New Wave of Voter Disenfranchisement +

    A botched voter purge prevented thousands from voting—and empowered a new generation of voting-rights critics. On November 7, 2000, Willie Read More
  • Facing Down Taser, Sandra Bland Was Told By Officer: "I Will Light You Up!" +

    Betraying arrest report, newly released footage shows how arresting officer violently escalated traffic stop by threatening unarmed black woman with Read More
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51

ESJ Calls

Featured Economic and Social Justice News

  • For Many Americans, the Great Recession Never Ended. Is the Fed About to Make It Worse? +

    Why it’s a mistake for the Federal Reserve to raise interest rates this year. When the Federal Reserve considers raising Read More
  • Student 'Aid' Industry Parade Crashed by Debtors Demanding Free Higher Ed +

    "A loan is not aid," declared student debt striker Michael Adorno-Miranda   When thousands of student "aid" administrators, who were Read More
  • Spreading a Minimum Wage Increase from Los Angeles to the Whole Country +

    Our economy has long been out of balance. Workers’ efforts across the country create wealth, but the profits don’t get Read More
  • 35 Mind-Blowing Facts About Inequality +

    While Hillary Clinton occasionally gives some lip service to the problem of extreme inequality, Bernie Sanders is the only candidate really hammering Read More
  • Jeb Bush Wants You to Work Longer Hours +

    His vision for the economy is out of step with reality: The US lacks good jobs, not productive workers. When Read More
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11

Does Your Legislator Support the ERA

 

ERAMap