Sixty UK universities and trusts, including Oxford and Cambridge, are the latest groups to add their call for banks to do more to ensure investors’ money does not end up financing new and expansionary fossil fuel infrastructure projects.
The leading institutions and trusts in UK higher education, which also include the universities of Edinburgh, Southampton, Leeds and St Andrews, issued a “request for proposal” to financial institutions to develop “cash products” such as deposits and money market funds that do not contribute to the financing of fossil fuel expansion.
