Divestment: Advantages and Disadvantages for the University of Cambridge

Quigley, E.C., E. Bugden, and A. Odgers. 2020. “Fossil Fuel Divestment: Advantages and Disadvantages for the University of Cambridge.” Cambridge, UK. https://www.cam.ac.uk/system/files/sm6_divestment_report.pdf.

116 Pages Posted: 24 May 2021

See all articles by Ellen Quigley

Ellen Quigley

University of Cambridge

Emily Bugden

University of Cambridge

Anthony Odgers

University of Cambridge

Date Written: October 1, 2020

Abstract

This report details the advantages and disadvantages of a policy of fossil fuel divestment for the University of Cambridge across social, moral, political, financial, and reputational dimensions. It comprises an analysis of the current state of the fossil fuel industry, including its transition-readiness and a set of criteria against which one might judge companies' decarbonisation plans; a complete review of the academic literature on fossil fuel divestment; and an online regularly-updated timeline of global divestment announcements. This report was peer-reviewed and edited by Cambridge University Press. The University announced its intention to divest from fossil fuels and aim for a net-zero portfolio by 2038 on October 1st 2020: https://www.cam.ac.uk/news/cambridge-to-divest-from-fossil-fuels-with-net-zero-plan.

Keywords: Divestment, fossil fuels, climate change, responsible investment

JEL Classification: F64, G12, G30, Q35, Q40, Q50

Suggested Citation

Quigley, Ellen and Bugden, Emily and Odgers, Anthony, Divestment: Advantages and Disadvantages for the University of Cambridge (October 1, 2020). Quigley, E.C., E. Bugden, and A. Odgers. 2020. “Fossil Fuel Divestment: Advantages and Disadvantages for the University of Cambridge.” Cambridge, UK. https://www.cam.ac.uk/system/files/sm6_divestment_report.pdf., Available at SSRN: https://ssrn.com/abstract=3849513

Ellen Quigley (Contact Author)

University of Cambridge ( email )

Trinity Ln
Cambridge, CB2 1TN
United Kingdom

Emily Bugden

University of Cambridge ( email )

Trinity Ln
Cambridge, CB2 1TN
United Kingdom

Anthony Odgers

University of Cambridge ( email )

Trinity Ln
Cambridge, CB2 1TN
United Kingdom

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