Issue 12
20.02.15
thegryphon.co.uk
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In The Middle take a look at the career of Levon Vincent and his long anticipated debut LP. ITM p.9
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mentalfloss.com
residentadvisor.net
p.8
Better Call Saul is the Breaking Bad spin-off we’ve been waiting for. Hear our thoughts on start of the series. ITM p.18
p.14
p.17
Features Radical left-wing Podemos are a new force in Spain, we take a look at their rise. Debate They’re the bane of the web but should we forgive trolls for their sins? Science Samsung’s new smart TV causes a stir
Uni pumps cash into HSBC and BP •
HSBC, oil, military suppliers amongst controversial investments Charlotte Mason
News Editor
The University has purchased over £200,000 in shares in HSBC as part of a multi-million pound investment portfolio which includes several controversial businesses. A Freedom of Information Request revealed that the University is a stakeholder in oil producers, a military equipment provider and companies at the centre of tax avoidance claims. Figures obtained by The Gryphon from the end of July reveal the University’s total £62.8 million investment in a plethora of international businesses, including £1.8 million in major banks. The University has also invested £243,581 in Ultra Electronics, an electronics manufacturer which sells military equipment including weapon-ejection
systems for aircraft, rifle-mounted gunshot detectors and fire-control systems. Other investments include the Daily Mail, Tesco and Vodafone, which came under fire for paying zero corporation tax in Britain in 2011. The University also holds shares of £627,328 in BP, and has invested in the company since at least December 2000. The oil giant has been held responsible for several environmental disasters, and currently faces a maximum $13.7 billion fine for gross negligence after an exploding oil refinery killed eleven people and millions of barrels of oil leaked into the Gulf of Mexico in 2010. The company has also been found guilty of committing fraud, environmental crimes and failing to correct safety hazards in a separate oil explosion in Texas in 2005. A spokesperson for BP told this newspaper, ‘Leeds used to be one of our
core universities until a couple of years ago. Leeds also received a share of the scholarship pot that all core universities of that era received’. He added, ‘I believe we’re still funding a couple of masters degrees’. Speaking to The Gryphon, a first-year Criminology student explained, ‘Morally, I believe it’s wrong that the University is investing money into a company that has caused such environmental damage in the past. A University should be promoting the importance of protecting the environment and something like this sends out the wrong message to students’. A second-year Politics undergraduate said, ‘As a student who pays to attend this university, I’m both shocked and disappointed that we’ve been involved with a number of highly immoral companies’. This newspaper reported last year that BP donated over £700,000 to the University