NUI Galway commits to Fossil Fuel Divestment

NUI Galway commits to Fossil Fuel Divestment

News & Events

NUI Galway commits to Fossil Fuel Divestment

On Tuesday the 28th of February, students from the Climate Change, Agriculture and Food Security (CCAFS) Society of NUI Galway were informed that their campaign had been a success. NUI Galway has officially committed to divest from fossil fuel shares by the end of 2017.

The CCAFS society had submitted a petition of over 1,000 signatures, and a 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 University President, Dr James Browne, who highlighted divestment of fossil fuel shares is in line with the values held by NUI Galway with regards to sustainability.

Colm Duffy, Auditor of the CCAFS Society, Director of the Fossil Free Campaign and Students’ Union Postgraduate Officer was pleased with the results so far: “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 NUI Galway in the formation of its Ethical Investment Policy”.

Students’ Union President, Jimmy McGovern, who has worked closely with the CCAFS society, added: “NUI Galway’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.”

Speaking of the University’s significant commitment to fossil fuel divestment, NUI Galway President Dr James Browne, said: “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. “

Should you be interested in finding out more about divestment at a local and national level, NUI Galway will be hosting the 3rd annual Climate Congress on Divestment and Sustainable Investment on Tuesday the 21st of March. Details for the Congress can be found below.

Pictured are (left to right): Jimmy McGovern (NUI Galway Students’ Union President); Hazel Wolstenholme (CCAFS); Dr James Browne (NUI Galway President); Colm Duffy Auditor CCAFS & NUIG Students’ Union Postgraduate Officer); Aoife Kervic (CCAFS); & Brendan Hallahan (CCAFS).

 

Event page: https://www.eventbrite.ie/e/nui-galway-climate-congress-divestment-and-sustainable-choices-tickets-32582584387?aff=escb&utm-medium=discovery&utm-campaign=social&utm-content=attendeeshare&utm-source=cp&utm-term=eventcard#tickets

 

Artice by
Joanna Brophy