Cambridge's $8.5-Billion Endowment to Respond to Divestment Push
- Endowment fund under pressure to divest oil and gas assets
- Council to respond to report commissioned to examine issue
Photographer: Prisma by Dukas/Getty Images
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Cambridge University’s 6.3 billion-pound ($8.5 billion) endowment fund may make a decision on whether it will divest from fossil fuels.
The British university’s governing council is set to respond to a report from its Divestment Working Group, a body of academics, researchers and students at Cambridge asked to study the issue. The document was submitted to the university’s trustees in April at the last council meeting. It isn’t certain the board will act or make a decision this week, but it is meeting on Monday morning.