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London universities urged to drop fossil-fuel investments

Staff at University College London and the School of Oriental and African Studies, University of London, have petitioned their respective university boards to withdraw from any investment in fossil fuels.

More than 200 staff signed the petition, according to The Guardian. The document reminds the board that “many within the UCL community have contributed significantly” to the field of climate change research and urges the university to “take the lead" in combatting climate change. 

The fossil-fuel divestment movement has gained pace over recent months, with the Wellcome Trust coming under attack for its investment portfolio. In a blog post on 15 April, Jeremy Farrar, the director of the Wellcome Trust, repeated his assertion that the organisation should not sell its shares in oil and gas companies.

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