UK universities threaten to divest billions unless banks accelerate net-zero plans

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In a formal proposal set out on 15th February 2024, the universities, including Oxford, Cambridge, Edinburgh, Leeds, University College London and the London School of Economics, are urging financial institutions to update their fossil fuel position statements and create environmentally friendly deposit accounts and money market funds.

Cambridge University is leading a coalition of 21 UK universities managing more than £5bn in investments in warning banks and asset managers of potential divestment unless stronger actions are taken to hasten the net-zero transition.

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