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A fossil fuel investment paradox

Most UK universities have divested their investment portfolios entirely from fossil fuels (https://www.theguardian.com/education/2024/dec/02/more-than-three-quarters-of-uk-universities-join-fossil-fuel-pledge-say-activists). Yet the pension fund (USS) they pay into and that their staff pay into has not. Indeed as well as oil and gas companies USS invests in fracking, coal sands and the banks which fund fossil fuel exploitation.  

The only pension contributions that do not get invested into ‘dirty’ investment portfolios are those made by the small number of members in the DC part of the scheme who have opted to have their funds invested in the Ethical Lifestyle fund.

USS surveys universities annually about their investment preferences. Might you send a short email to your university’s finance director (copied to the university’s pension manager) asking them to protest against this disparity when surveyed?

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