Green Economy

Published on November 27th, 2015 | by Joshua S Hill


London School Of Economics Divests From £97.2 Million Coal & Tar Sands Investments

November 27th, 2015 by  

The prestigious London School of Economics announced this week that it would divest from its £97.2 million in investments in coal and tar sands companies.

12314137_10154095886398488_8968245261207966042_nThe London School of Economics (LSE) Council approved a series of recommendations that it believed would “strengthen the School’s socially responsible investment policy.” Specifically, according to the School’s Socially Responsible Investment Policy (PDF), “The School will seek to progressively reduce its investment in funds which indirectly place its endowment in companies significantly engaged in the extraction of thermal coal and tar sands.”

“I welcome the decision taken today as an indication that the school is listening and responding to the concerns of students, staff and faculty,” said Gabriel Davalos, an LSE alumni. “To remain invested in coal and tar sands right now is absolute folly. However, I think LSE needs to look hard at its investments in oil and gas companies. We need to keep at least 80% of all fossil fuels in the ground of we want to avoid runaway climate change. We can start with tar sands and coal but we need a concrete timeline to divest from oil and gas.”

New research published earlier this month by magazine Corporate Knights concluded that the $147 million LSE endowment had lost $3 million due to not having divested 3 years ago.

Nevertheless, LSE is definitely committed to revising and updating its investment policies, as are many other universities across the UK.

“With eighteen UK universities now divesting, we need ways that these institutions can invest in the new low-carbon infrastructure which society desperately needs,” said Andrew Taylor, Campaigns Manager at People & Planet. “Some local authority pension schemes are already investing directly in community controlled renewable energy, but we need to see ways that smaller institutions like universities can get involved.”

Image Credit: via LSE Divest, Facebook

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About the Author

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (, and can be found writing articles for a variety of other sites. Check me out at for more.

  • Brian Tseng

    The funny/sad(?) thing is, if they’d divested from coal in particular earlier by a few years, they’d have saved themselves a LOT of money, considering how much of a nosedive “King Coal” has taken in terms of prices. Take a look at Peabody Coal’s performance — it was at $1,000/share in 2011 and now it’s $10/share!!! ROFLMAO

    • Bob_Wallace

      Mr. Peabody done got his mountain hauled away….

      • Brian Tseng

        That’s right Bob! It’s the turn of the people this time <3

  • JamesWimberley

    The single of alumni is still alumnus. Look, it’s a pretentious Latin word, and you lose the effect if you don’t follow Latin rules.

    • Kevin McKinney

      Second that…

    • neroden

      The *singular* of alumni is alumnus; the singular of alumnae is alumna.

      But we mostly call them “alums” nowadays.

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