NUI Galway Commits to Fossil Fuel Divestment

Members of the Climate Change, Agriculture and Food Security (CCAFS) Society with NUI Galway President, Dr Jim Browne.
Mar 13 2017 Posted: 12:47 GMT

NUI Galway has announced that it is officially committed to divest from fossil fuel shares by the end of 2017. The Climate Change, Agriculture and Food Security (CCAFS) Society of NUI Galway had submitted a petition of over 1000 signatures, and report highlighting the case for divestment of the €3.4 million worth of shares that NUI Galway has invested in companies such as Gazprom and Statoil in late November.

This report was welcomed by NUI Galway President, Dr Jim Browne, who highlighted divestment of fossil fuel shares is in line with the values held by NUI Galway with regards to sustainability. “This is an important development and I am delighted that NUI Galway has taken a leadership position nationally in promoting such an ethical investment policy, including fossil fuel divestment.  I’d like to commend the students involved in CCAFS and the Students’ Union leadership who have highlighted an important global issue that impacts on climate change, social equity and a range of important ethical issues today. Their actions and advocacy demonstrate their commitment as global citizens who will shape our planet’s future.”

Colm Duffy, Auditor of the CCAFS Society, Director of the Fossil Free Campaign and member of the Student Union Executive Committee, said: “It is with no small measure of delight that we announce NUI Galway’s commitment to divestment. We are extremely happy with the result and the support from Dr Browne. We are glad that this campaign has come to a conclusion, and we look forward to assisting the University in the formation of its Ethical Investment Policy.”

In addition NUI Galway’s SU President, Jimmy McGovern, who has worked closely with the CCAFS society, added: “The University’s decision to completely divest from fossil fuels shows leadership in the right direction. This proposal began through student activism and is a prime example of why we must empower students, the future of our society, by giving them a platform to have influence and input in our University’s developments. NUI Galway has given its students that platform in this instance and we applaud them for that.”


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