Universities of Newcastle and Southampton join fossil fuel divestment push

Newcastle University latest to announce it will pursue investment decisions that are compatible with its sustainability values, reports BusinessGreen

As the world's leading oil and gas majors this week face a series of questions about their ability to respond to escalating climate risks, two of the UK's leading universities have become the latest institutions to announce new investment strategies designed to curb their exposure to fossil fuel assets.

Newcastle University yesterday followed hot on the heels of the University of Southampton inannouncing plans to modify its investment strategy to better embed Environmental, Social and Governance (ESG) considerations.