gair rhydd y
gair rhydd | freeword Cardiff ’s student weekly Issue 1063 Monday 2nd November 2015 Also in this issue
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Students protest as Cardiff University revealed to still invest £2 million in fossil fuels
Comment: The Germaine Greer debate P13>>
t People and Planet members stage lie-down ‘oil spill’ protest outside SU t Cardiff University has over £2 million of investments in fossil fuel companies t Despite descrease of around £450,000 since last year, complete divesment unlikely
EXCLUSIVE Anna Lewis & Joseph Atkinson
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Freedom of Information (FOI) request has revealed that Cardiff University continues to hold over £2 million in investments in the fossil fuel industry despite continued student protests. Last year, the environmental society People and Planet showed that the University was investing £2,504,881 in nine corporations in the oil and gas industries. The FOI released by the University shows that now this figure has fallen by £459,030 to £2,045,851, a drop of almost one fifth, emphasising the University’s apparent commitment to disinvesting from fossil fuels. However, a Cardiff University spokesperson has stated that although the University is “committed
to sustainability at the highest level”, it is unlikely that it will completely divest from fossil fuels. They said: “We recognise that this is a complex issue but do not consider that University disinvestment from the fossil fuel industry is the solution.” The news comes despite a Student Senate motion that was passed last November lobbying the University to divest. The motion also specified that the Students’ Union should request quarterly updates of the University’s investment folio and lobby for student representation on University investment committees. In light of the figures released, a protest staged by People and Planet last Thursday has shown that students are still committed to lobbying the University to stop the investments. Named the ‘oil spill’, the event saw members of the society lie on the
ground outside the Students’ Union and get covered in oil to encourage students to sign their petition. The petition calls for the University to “screen for and exclude the fossil fuel industry from their investment portfolio” and “immediately freeze any new investments.” Instead, it was suggested that funds be transferred to lower risk, ethical investments” within five years. During the protest, the petition gained approximately 150 signatures. In addition to the ‘oil spill’, People and Planet will continue to lobby the University to stop its investments. This will include coinciding events with the upcoming COP21 talks, which will be held in Paris in December. According to Sean Langdon-Dark, the President of Cardiff ’s People and Planet society, the University should also make effort
Pictured: People and Planet protest outside the Students’ Union (Photographer: Joseph Atkinson)
Continued on page 4
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