Cambridge University Suspends Funding from Fossil Fuel Companies

The prestigious institution halts new funding from the sector following a campaign by students and academics, aiming for a zero-carbon future.

Cambridge University has adopted a moratorium on new funding from fossil fuel companies, following a campaign by its students and academics.
The decision was influenced by a report from former UN climate change envoy Nigel Topping, highlighting the need for alignment with the university's climate goals.
Between 2016 and 2023, the university received £19.7 million in philanthropic and research funding from oil giants BP and Shell.
The university aims to achieve net-zero greenhouse gas emissions by 2038 and plans to divest from all direct and indirect investments in fossil fuels by 2030.
Technical collaborations with fossil fuel companies will continue, focusing on energy transition and reducing emissions.