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Cambridge University suspends donations from fossil fuel companies

Cambridge University has decided to temporarily suspend the acceptance of donations from the oil and gas sector, in response to a recent report on the implications for its reputation.
Cambridge suspend dons entreprises fossiles

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Cambridge’s management announced on Friday a temporary halt to financial contributions from the fossil fuel industry. This measure remains in force until new guidelines have been established with the companies concerned. The university states that this decision is part of a re-evaluation of its funding agreements. The moratorium aims to align the university’s financing practices with its sustainable development objectives.

Community pressure and reputation

This decision follows a mobilization of the university community, including students, researchers and teachers, calling for a withdrawal of funds linked to fossil fuels. An independent report highlights the reputational risks associated with such donations, and recommends that preference be given to supporting companies in the renewable energy sector. It is noted that contributions from fossil fuel companies represent a small percentage of the university’s total funding. The aim is to reduce reputational impact while maintaining financial resources for research.

Contributions from energy companies

Between 2016 and 2023, Shell and BP contributed £19.7 million to the university for research projects and philanthropic initiatives. These contributions are now under review as part of the announced moratorium. Shell reacted to the announcement by highlighting its energy transition-focused collaboration with Cambridge since 2021. BP, contacted by the media, declined to comment on the situation.

Future direction of financing

The University of Cambridge evaluates its funding policies to ensure that they are in line with its commitments to sustainable development and the fight against climate change. The temporary moratorium serves as a transition period towards funding criteria that will favor companies aligned with these objectives. Cambridge’s approach reflects an effort to reconcile financial support with environmental responsibility.

Implications for research and education

The process of re-evaluating Cambridge’s funding sources is designed to support its educational and research mission while respecting its ethical principles. The temporary suspension of donations from fossil fuel companies opens the way to a reflection on future partnerships and their coherence with the university’s academic and environmental objectives. This decision could influence research orientations, favoring projects linked to renewable energies and the energy transition.

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