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    <p>Thank you, I've been waiting for some news!<br>
    </p>
    <br>
    <div class="moz-cite-prefix">On 27/10/2016 19:30, Charlotte Lee
      wrote:<br>
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cite="mid:AM3PR04MB063273EA47312AA982F1CABCB5AA0@AM3PR04MB0632.eurprd04.prod.outlook.com"
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        <p>Thought this might be of interest...<br>
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              <p> </p>
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                <div id="divRpF868962" style="direction: ltr;"><font
                    face="Tahoma" color="#000000" size="2"><b>From:</b>
                    <a class="moz-txt-link-abbreviated" href="mailto:staff-mgmt-supp-bounces@durham.ac.uk">staff-mgmt-supp-bounces@durham.ac.uk</a>
                    [<a class="moz-txt-link-abbreviated" href="mailto:staff-mgmt-supp-bounces@durham.ac.uk">staff-mgmt-supp-bounces@durham.ac.uk</a>] on behalf of
                    DIALOGUE A.C. [<a class="moz-txt-link-abbreviated" href="mailto:dialogue@durham.ac.uk">dialogue@durham.ac.uk</a>]<br>
                    <b>Sent:</b> 26 October 2016 10:12<br>
                    <b>To:</b> DIALOGUE A.C.<br>
                    <b>Subject:</b> [staff-mgmt-supp] Message from David
                    Cowling re: Divestment<br>
                  </font><br>
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                      <span style="font-size: 12pt;">Dear Colleagues,</span></p>
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                      <span style="font-size: 12pt;"></span> </p>
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                      <u><span style="font-size: 12pt;">The Commission
                          on Divestment from Fossil Fuels First
                          Statement</span></u></p>
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                      "Calibri","sans-serif";
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                      <span style="font-size: 12pt;"></span> </p>
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                      <span style="font-size: 12pt;">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<sup>th</sup>
                        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.
                      </span></p>
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                      "Calibri","sans-serif";
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                      <span style="font-size: 12pt;"></span> </p>
                    <p style="margin: 0cm 0cm 0pt; font-family:
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                      <span style="font-size: 12pt;">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”.</span></p>
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                      "Calibri","sans-serif";
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                      <span style="font-size: 12pt;"></span> </p>
                    <p style="margin: 0cm 0cm 0pt; font-family:
                      "Calibri","sans-serif";
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                      <span style="font-size: 12pt;">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.</span></p>
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                      <span style="font-size: 12pt;"></span> </p>
                    <p style="margin: 0cm 0cm 0pt; font-family:
                      "Calibri","sans-serif";
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                      <span style="color: black; font-size: 12pt;">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.
                      </span></p>
                    <p style="margin: 0cm 0cm 0pt; font-family:
                      "Calibri","sans-serif";
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                      <span style="color: black; font-size: 12pt;"></span> </p>
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                      <span style="color: black; font-size: 12pt;">Group
                        responses (e.g. departmental/research groups
                        <i>etc</i>.) 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.</span></p>
                    <p style="margin: 0cm 0cm 0pt; font-family:
                      "Calibri","sans-serif";
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                      <span style="font-size: 12pt;"></span> </p>
                    <p style="margin: 0cm 0cm 0pt; font-family:
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                      <span style="color: rgb(112, 48, 160); font-size:
                        12pt;">Durham University currently has no direct
                        investment holdings in fossil fuel companies.
                        Its investments are held in funds administered
                        by investment management companies.
                      </span></p>
                    <p style="margin: 0cm 0cm 0pt; font-family:
                      "Calibri","sans-serif";
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                      <span style="color: rgb(112, 48, 160); font-size:
                        12pt;">Q1. Do you believe that Durham University
                        should divest from companies involved in fossil
                        fuel extraction? Please provide reasons for your
                        response.</span></p>
                    <p style="margin: 0cm 0cm 0pt; font-family:
                      "Calibri","sans-serif";
                      font-size: 11pt;">
                      <span style="color: rgb(112, 48, 160); font-size:
                        12pt;">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.</span></p>
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                      "Calibri","sans-serif";
                      font-size: 11pt;">
                      <span style="color: rgb(112, 48, 160); font-size:
                        12pt;"></span> </p>
                    <p style="margin: 0cm 0cm 0pt; font-family:
                      "Calibri","sans-serif";
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                      <span style="font-size: 12pt;">Interested parties
                        can submit their views by an anonymous web form
                        at
                      </span><a moz-do-not-send="true" id="LPlnk937411"
                        style="color: blue; text-decoration: underline;"
                        href="https://www.dur.ac.uk/divestment/"
                        target="_blank" previewremoved="true"><span
                          style="font-size: 12pt;">https://www.dur.ac.uk/divestment/</span></a><span
                        style="font-size: 12pt;"> or by emailing </span><a
                        moz-do-not-send="true" style="color: blue;
                        text-decoration: underline;"
                        href="mailto:durham.divestment@durham.ac.uk"
                        target="_blank"><span style="font-size: 12pt;">durham.divestment@durham.ac.uk</span></a><span
                        style="font-size: 12pt;">
                      </span></p>
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                                  style="text-decoration: none;"
                                  href="https://www.dur.ac.uk/divestment/"
                                  target="_blank">Consultation on the
                                  divestment of Fossil Fuels - Durham
                                  ...</a></div>
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                                <a class="moz-txt-link-abbreviated" href="http://www.dur.ac.uk">www.dur.ac.uk</a></div>
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                                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
                                ...</div>
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                      <span style="color: rgb(31, 73, 125);"></span> </p>
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                      <span style="font-size: 12pt;">The consultation
                        will close on the 31<sup>st</sup> December 2016.</span></p>
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                      "Calibri","sans-serif";
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                      <span style="font-size: 12pt;"></span> </p>
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                      <span style="color: black;">Best wishes, </span></p>
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                      "Calibri","sans-serif";
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                      <span style="color: black;"></span> </p>
                    <p style="margin: 0cm 0cm 0pt; font-family:
                      "Calibri","sans-serif";
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                      <span style="color: black;"></span> </p>
                    <p style="margin: 0cm 0cm 0pt; font-family:
                      "Calibri","sans-serif";
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                      <b><span style="color: black;">Professor David
                          Cowling</span></b></p>
                    <p style="margin: 0cm 0cm 0pt; font-family:
                      "Calibri","sans-serif";
                      font-size: 11pt;">
                      <b><span style="color: black;">UEC Lead on
                          Divestment and Pro-Vice-Chancellor (Arts and
                          Humanities)</span></b></p>
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                      "Calibri","sans-serif";
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                      <span style="color: rgb(31, 73, 125);"></span> </p>
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                      "Calibri","sans-serif";
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                      <span style="color: rgb(31, 73, 125);">-----------------------------------------------------------------------------------------------</span></p>
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      <pre wrap="">_______________________________________________
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</pre>
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