Oxford University pledges to divest from fossil fuel companies

Its endowment office, which manages £3bn of funds is asked to request evidence of net zero carbon business plans from future fund managers

Oxford University has made a 'historic commitment' to divest from fossil fuel companies.

It says it plans to divest its endowment from the fossil fuel industry and asks its endowment office, Oxford University Endowment Management (OUem), to request from future fund managers evidence of net zero carbon business plans.

The new plan has been approved by the Student Union, academic researchers and the OUem, who manages £3 billion of investments for the university.

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