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Beth: UCL has £21 million [$32 million] invested in the fossil-fuel industry, and we wanted to highlight this kind of incestuous relationship between UCL and the fossil-fuel industry. So basically we covered ourselves in molasses, which looks like oil, wearing masks of the Shell logo and our provost Michael Arthur, and we staged a scene whereby Shell and UCL were kind of getting it on in this context of an oil orgy.It looks like some kind of revolting rowing-team initiation.
[Laughs] Yeah, that's true. It wasn't. Everyone did it of their own accord.
So what was great about this action was that we held it outside the Council meeting. UCL Council meets once a term to kind of discuss all the business things that happen at UCL. The campaign has waited a year for an ethical review of the investments at UCL—which is completely ridiculous—and these were the Council members going into the council room, going in to the meeting.
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Students—actually everyone campaigning for change—have been completely ignored by management, and we're just getting really frustrated. For example, DeAnne Julius is the president of council, she's the former Chief Economist for Shell and worked for BP during the cover up of the deep horizon oil spill, and these are the chief decision makers at UCL. It's kind of like—how do students stand a chance of safeguarding their future against climate change if these are the people in charge of our big decisions and investments? So we're basically having to do this to open up new channels of communication with management because they're not engaging in such an important issue.They said they would hold and ethical investment review committee but it hasn't happened for the best part of a year and we're kind of getting ignored and snubbed by management. So this was kind of to say, "You might be ignoring us and not being efficient on this, but we're not going away."And like you said, the point here is climate change, right?
Yeah. The fossil fuel industry currently holds vast carbon reserves. In order to have a chance of staying below 2 degrees of warming, up to 80 percent of their reserves must not be burnt. All the evidence suggests that they intend to burn the reserves within their control. Companies such as Shell are also actively trying to discover new reserves, often in environmentally sensitive regions. So their business plan and a livable planet are incompatible.
Well, they don't really have a leg to stand on in the case of divestment, because investments in the fossil fuel industry completely contradict what is written in their ethical investment review guidelines, and also it goes against all the research UCL are doing in sustainability and climate change.Any future actions planned?
Yes, we're now escalating our campaign until management takes action.Follow Charlotte on Twitter.