Climate love
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University of Cambridge

Climate love

21 universities are putting pressure on banks and asset managers to stop financing fossil fuels

21 UK universities have warned banks and asset managers that they will shift more than £5bn into greener institutions unless these financial institutions accelerate their net zero plans and end the financing of new fossil fuel projects!

The universities want new financial products with tougher standards that will ensure their money does not contribute to the financing of new oil, coal, or gas projects. But the coalition is not only asking for a “green” investment portfolio, it is also demanding that financial institutions align (at the group level) with the IEA's scenario in which global emissions hit net zero by 2050, which includes no new financing of fossil fuel supply beyond that already committed in 2021. Following the pressure put by students, Cambridge has pledged to divest its £4bn endowment from all direct and indirect investments in fossil fuels by 2030.

This is the way to go! Let's put pressure on universities and institutions for them to ask for change.


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  • mary Mwihaki

    4 w

    This is really encouraging this is exactly what we needed together we can do it

    1
    • Carl Bärstad

      6 w

      BRAVO!

      2
      • Patrick Kiash

        7 w

        The power of many is well showcased in this great and positive devotion of 21 Universities. It's the highest time to divest from fossil fuels and move the money to the green investments.

        2
        • We Don't Have Time

          8 w

          Dear Marine Stephan Your climate love has received over 50 agrees! We have reached out to University of Cambridge by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

          2
          • Saustine Lusanzu

            8 w

            Banks should invest in renewable energy projects as much as they can

            3
            • George Kariuki

              8 w

              I hope that this encourages other universities, institutions, and individuals to consider divestment or responsible investment strategies.

              4
              • Saustine Lusanzu

                8 w

                @george_kariuki we need this kind of partnership

                2
              • Johannes Luiga

                8 w

                Really encouraging💚

                4
              • Sarah Chabane

                8 w

                This is a powerful coalition!

                2
                • Saustine Lusanzu

                  8 w

                  @sarah_chabane_874 it is really powerful, the people's united can never be defeated

                  2
                • Elizabeth Gathigia

                  8 w

                  Its impressive to see the higher education institutions backing the fight to phase out fossil fuel

                  4
                  • Saustine Lusanzu

                    8 w

                    @elizbeth_gathigia other institutions should take action too

                    2
                  • Chris Ndungu

                    8 w

                    Applause to whoever leading this campaign! This is a tremendous action taken by these comrades.

                    7
                    • Kevin

                      8 w

                      Kudos to the tertiary institutions leading this campaign.Finance institutions must cease their support for fossil fuels

                      5
                      • Saustine Lusanzu

                        8 w

                        @Kevin they deserve massive appraisal

                        2
                      • Tabitha Kimani

                        8 w

                        This is quite irresponsible of such big organizations.. The universities have a great influence in calling for the end of fossils

                        6
                        • Saustine Lusanzu

                          8 w

                          @tabitha_kimani Yes, since they contains minded people, it's a time they impact the entire world and local communities to act too

                          2
                        • Markus Lutteman

                          8 w

                          This is exactly what we need.

                          5
                          • Saustine Lusanzu

                            8 w

                            @Markus_Lutteman other institutions across the globe should take this as an example

                            2
                          • Jane Wangui

                            8 w

                            Learning institutions could make massive progress considering their(students) have fresh ideas that could be funded and used for future purposes.Good job University of Cambridge.

                            6
                            • walter lungayi

                              8 w

                              This shows a growing recognition of the need to address climate change and the role of financial institutions in driving sustainable change. Together we can do it

                              5
                              • Ingmar Rentzhog

                                8 w

                                This is fantastic leadership!

                                6
                                • Saustine Lusanzu

                                  8 w

                                  @Rentzhog they really deserve Climate Love

                                  2
                                • zelda ninga

                                  8 w

                                  That is what is needed,we need more and more universities to do the same.

                                  5
                                  • Joseph Githinji

                                    8 w

                                    Great for the institutions of higher education to compell financial institutions to stop financing fossil fuels and choose to boost clean energy production. This is commendable.

                                    11
                                    • Munene Mugambi

                                      8 w

                                      This is what higher education institutes should be about. Spreading knowledge and lobbying for just causes. Proud of these efforts

                                      10
                                      Welcome, let's solve the climate crisis together
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