[DurhamDivest] Fw: Message from David Cowling re: Divestment

[Susan Wesley]

Thank you, I've been waiting for some news!


On 27/10/2016 19:30, Charlotte Lee wrote:
>
> Thought this might be of interest...
>
> ------------------------------------------------------------------------
> *From:* staff-mgmt-supp-bounces at durham.ac.uk 
> [staff-mgmt-supp-bounces at durham.ac.uk] on behalf of DIALOGUE A.C. 
> [dialogue at durham.ac.uk]
> *Sent:* 26 October 2016 10:12
> *To:* DIALOGUE A.C.
> *Subject:* [staff-mgmt-supp] Message from David Cowling re: Divestment
>
> Dear Colleagues,
>
> _The Commission on Divestment from Fossil Fuels First Statement_
>
> The Commission today makes its first statement regarding 
> representations made by Durham Students’ Union to the University 
> Executive Committee (UEC) regarding the University’s investments in 
> the fossil fuel industry. UEC recognises and welcomes the engagement 
> of the Students’ Union with this important issue. On the 19^th July 
> 2016, a Commission was announced which will form an opinion and make a 
> recommendation to UEC regarding the question of investment in the 
> fossil fuel industry and the financial consequences of divestment for 
> the University and its ability to fulfil its charitable and strategic 
> objectives.
>
> Following consultation with Durham Students’ Union on the scope of its 
> resolution, in particular the definition of what is meant by “the 
> fossil fuel industry”, the Commission will be considering the matter 
> of divestment from companies “that participate in the extraction of 
> fossil fuel reserves”.
>
> The issue at hand is broad, complex and multifaceted involving many 
> different University departments and activities. Engagement on this 
> issue therefore needs to consider the interests of relevant 
> stakeholders across the whole of the University. To inform the 
> Commission’s work, we would now like to canvas the opinions of 
> University staff, students and alumni by requesting evidence and 
> opinions from relevant bodies in the University and inviting, through 
> the publication of this statement, interested parties to submit 
> evidence or views on the questions set out below.
>
> We are also interested in evidence and views on ways in which the 
> University, as a catalyst for change, can engage in the debate about 
> climate change.
>
> Group responses (e.g. departmental/research groups /etc/.) are welcome 
> as are individual responses. The Commission will review the robustly 
> analysed submissions at its next meeting and will publish a summary of 
> views on its website. Submissions will inform the report and 
> recommendation to UEC, which will also be published.
>
> Durham University currently has no direct investment holdings in 
> fossil fuel companies. Its investments are held in funds administered 
> by investment management companies.
>
> Q1. Do you believe that Durham University should divest from companies 
> involved in fossil fuel extraction? Please provide reasons for your 
> response.
>
> Q2. Do you believe Durham University should invest in companies 
> involved in fossil fuel extraction if they are also involved in 
> renewable and green technologies? Please provide reasons for your 
> response.
>
> Interested parties can submit their views by an anonymous web form at 
> https://www.dur.ac.uk/divestment/or by emailing 
> durham.divestment at durham.ac.uk <mailto:durham.divestment at durham.ac.uk>
>
> Consultation on the divestment of Fossil Fuels - Durham ... 
> <https://www.dur.ac.uk/divestment/>
> www.dur.ac.uk
> Durham University’s governing Council has agreed that a Commission is 
> to be established by the University Executive Committee (UEC) to 
> review the issue of ...
>
>
> The consultation will close on the 31^st December 2016.
>
> Best wishes,
>
> *Professor David Cowling*
>
> *UEC Lead on Divestment and Pro-Vice-Chancellor (Arts and Humanities)*
>
> -----------------------------------------------------------------------------------------------
>
>
>
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