Shortly after the Australian National University (ANU) divested from seven fossil fuels firms, gaining criticism from the government, more universities are being pressured by academics and students to follow suit, in order to avoid dangerous effects of climate change on the economy, health and environment.
Blue & Green Tomorrow is currently running a crowdfunder to ensure its survival. Please pledge.
Three members of the Group of Eight universities – formed by leading Australian education institutions – are expected to receive pressure from faculty members and student groups in order to ditch investment in oil, coal and gas companies that are blamed for worsening climate change and putting investors’ money at risk.
The University of New South Wales for instance will be urged to ensure its “commitment to sustainability is not just confined to research but is a core part of our business”, while the University of Melbourne’s Health school launched a petition supporting the Fossil Free movement.
The petition states, “We are likely to see an increase in extreme weather events such as cyclones, floods, storms and bushfires which have the potential to devastate the physical and mental health of communities directly as well as the health infrastructure that supports them. Climate change also threatens to shift the profile of infectious diseases, including food-borne, water-borne and mosquito-borne illnesses like dengue fever and Ross River fever.
“As members of the University of Melbourne’s world-leading community of health researchers, educators, advocates, professionals and students, we believe that it is crucial for the integrity of our work that the institutions which support us do not undermine our projects towards achieving better health.”
The move comes short after the ANU announced it had divested from seven companies, following the guidelines of a responsible investment advisor CAER. The decision led to widespread criticism from the industry and the Australian government – known for not making climate change a priority on its agenda.
There is a growing movement pushing for universities and religious institutions to divest from fossil fuels firms, both for environmental and financial concerns, given that investors could end up with devalued, stranded assets if policies are put in place to ensure reserves stay in the ground to avoid a global warming higher than 2C.
Photo: UniversityBlogSpot via Flickr
Like our Facebook Page
Can You Maximize Your Profits While Investing Ethically?
Environmental Benefits of Living in Miami. Why Is It Worth Moving There?
5 Ways To Shift To Green Energy At Home
Advantages of Free-Range Farming for Eco-Friendly Consumers
What is Eco-Friendly Investing and How Can You Embrace It?
Green Software Ideas to Implement with an Offshore Development Team
5 Things Eco-Conscious Consumers Should Know About Private Wells
The True Environmental and Social Costs of Mined Diamonds
20 Incredible Facts Eco-Tourists Should Know About Dubai
5 Massive Benefits of Turning to Renewable Energy
6 Tips For Getting the Most from a Solar-Powered Home
7 Excellent Ways to Live a Greener Lifestyle in 2021
How the Property Industry Is Embracing Eco-Friendliness Across the Board
Sustainability in Construction: Methods to Mitigate Environmental Impacts
New Company is Driving ESG Infrastructure Development in Mining
10 Tips to Turn Your Next Holiday into an Eco-Friendly Celebration
4 Benefits of Commuting with a Bicycle as an Eco-Friendly Consumer
Some Important Facts about Eco-Friendly Glass Railings
Impact Proof of Stake Ethereum Mining on Power Industry Sustainability
7 Business Survival Guidelines All Eco-Friendly Entrepreneurs Must Follow
- Features12 months ago
Eco-Friendly Interior Design Is Easier Than You Might Think
- Features10 months ago
Eco-Friendly Hacks To Create A Durable Shop For Your Home
- Energy6 months ago
Eco-Friendly Homeowners Lower Carbon Footprints through Greater Air Conditioner Efficiency
- Features5 months ago
Seven Health and Safety Tips for Eco-Friendly Products in a Green Home