Bob Dudley has been criticised after telling an industry conference : “ We do and do lots of research at Cambridge so I hope they come to their senses on this ” . “These [divestment] efforts are coming out of the US, the east coast and west coast, and New York, and it is generally the simplified idea that we turn everything into renewables – that climate change will be solved by renewables,” he said. His comments came a day after the launch of BP ’s climate change strategy , which includes plans to cap the company ’s carbon emissions and expand its involvement in clean energy . Cambridge is facing increased pressure from academics to abandon its estimated £ 377 ##m ( $ 526 m ) investment in fossil fuels . Such investments form part of Cambridge ’s £ 6.2bn endowment fund , which is the largest of any UK university .
Bob Dudley has been criticised after telling an industry conference : “ We do and do lots of research at Cambridge so I hope they come to their senses on this ” . His comments came a day after the launch of BP ’s climate change strategy , which includes plans to cap the company ’s carbon emissions and expand its involvement in clean energy . Cambridge is facing increased pressure from academics to abandon its estimated £ 377 ##m ( $ 526 m ) investment in fossil fuels . Such investments form part of Cambridge ’s £ 6.2bn endowment fund , which is the largest of any UK university .