The Independent Student Newspaper
Number 774 Friday 29th November 2013 www.varsity.co.uk JUNE TONG
Published in Cambridge since 1947
03 News
Shake-up to Cambridge medical degree as students are no longer allowed to transfer to London hospitals for clinical school.
14 Comment
Alice Udale-Smith argues that student journalism is not just for wannabe hacks but for everybody who cares about student life.
18 A fossil-free University THE FROST CREEPS IN: A photograph taken from a student’s bedroom window at Downing College captures the sunrise on a frosty morning in Cambridge.
Vulture V
Sabina Dewfield takes a look at the best, worst and downright weird parts of this week’s Bridgemas celebrations.
31 Sport
Want to try a winter sport here in Cambridge? Varsity introduces you to the Ice Hockey Team and the Ski & Snowboarding Club.
CUSU has called on the University to back up its commitment to reducing its carbon footprint by making tangible changes to its future investment practices Sarah Regan
The Cambridge University Students’ Union is to put pressure on the University to withdraw its investments in fossil fuels. In a unanimous CUSU Council vote held this month, CUSU decided that the University should expand its pledge to reduce its carbon footprint beyond the framework of the Cambridge Climate Change Charter, signed in 2007. The Charter declares an intention to improve energy efficiency, but Suyin Chalmin-Pui, Co-chair of CUSU Ethical Affairs, pointed out at a CUSU meeting that it does not commit signatories to take action on investment practices. The new motion will encourage the University to pursue low-carbon assets and divest from companies whose main
business is the extraction and/or production of fossil fuels. The action follows a Varsity investigation which revealed widespread investment by colleges in companies which many allege engage in ethically dubious practices. Cambridge colleges hold significant stakes in a number of petrochemical and coal giants, including BP, Exxon Mobil, Lukoil, Royal Dutch Shell and BHP Billiton. Varsity also uncovered that the University’s gas supplier, as of July 2011, is Gazprom, a secretive Russian gas company that has repeatedly been accused of corruption and causing severe environmental damage. “The University should be actively reassessing its links to Gazprom so that the entirety of its supply chain better reflects the University’s mission and core values”, said Chalmin-Pui. A spokesperson for the University
responded: “We are working hard to tackle the challenge of the University’s carbon emissions.” A decision to set ethical parameters on investment practices would not be without precedent. Peterhouse already excludes tobacco shares from its discretionary portfolio. But only last month, the President of Harvard University, Professor Drew Gilpin Faust, dismissed a large student campaign on the same issue. Citing the importance of remaining apolitical and of maintaining the investment returns which Harvard is financially reliant on, Faust claimed that she would instead seek “more nuanced” ways to pursue sustainable and responsible investments. CUSU does not believe that Cambridge should remain apolitical. The University has the largest endowment of any educational institution in Europe, valued at just under £5 billion.
Chalmin-Piu believes that this positions the University to “make a social and political statement”. CUSU Education Officer Jia Hui Lee pointed out that “students’ tuition fees are locked up in university endowments, providing greater reason for investments to reflect the ethical values of the student body”. The Council called on students to express support for its campaign by signing a petition hosted on the CUSU website. Leading a discussion group on climate change action at St John’s College this week (see page 4), Professor Doug Crawford-Brown, Director of the Cambridge Centre for Climate Change Mitigation Research, advocated stronger student involvement in the University’s financial decisions. “It’s their right to assert their opinions. They’re paying £9000 in tuition fees, they can say, ‘I’m a stakeholder.’”
Interview: Norman Baker MP on why the Liberal Democrats still matter (p. 8)