“London School of Economics Divest £97.2m from Coal & Tar Sands” – Blue & Green Tomorrow – November 26, 2015

On November 26, 2015 Blue & Green Tomorrow reported:  “Today the London School of Economics (LSE) has committed to divest its £97.2 million endowment from coal and tar sands companies and to not invest directly in any fossil fuel companies. LSE stressed the need for new fossil free financial products to be brought onto the market that meet the demand generated by divestment campaigns in the UK.

A key aspect of today’s announcement, brought forward by the university’s Socially Responsible Investment Review Group and welcomed by campaigners, was the desire for LSE to play an active role in ‘spearheading collaboration’ with ‘other Universities to encourage both passive and active fund managers to develop suitable new investment products – to send out a strong signal of the increasing demand for funds that invest in accordance with specified ethical and sustainability criteria.’”

Geoffrey Mazullo, Alumnus, LSE, contributed to the LSE’s Socially Responsible Investment Review (SRIR), in response to an open call from the LSE to alumni in September 2015 to participate in the review.

According to the article, 18 UK universities and 400 universities globally have made fossil-free commitments.

You may read article on the Blue & Green Tomorrow internet site.