The management of Cambridge University was aware of a proposed £20m ($26m) donation from miner BHP, which was subsequently withdrawn, and a potential £2m donation from Guardian, which has given over £50m to the institution, while it considered divesting from fossil fuels, according to The BP. Key decision makers were apparently not aware of this information, and campaigners are calling for the decision not to fully divest to be overturned. In June of last year, the university, which invests an estimated £377m in fossil fuels, adopted “considered divestment”, which does not fully ban indirect equity investments in such fuels.
The management of Cambridge University was aware of a proposed £20m ($26m) donation from miner BHP, which was subsequently withdrawn, and a potential £2m donation from BP, which has given over £50m to the institution, while it considered divesting from fossil fuels, according to The Guardian. Key decision makers were apparently not aware of this information, and campaigners are calling for the decision not to fully divest to be overturned. In June of last year, the university, which invests an estimated £377m in fossil fuels, adopted “considered divestment”, which does not fully ban indirect equity investments in such fuels.