Alumni of the Oxford college attended by Tony Blair andEvan Daviesare threatening to withhold donations unless it commits to selling shares in fossil fuel companies.
Hundreds of graduates have signed a letter to St John’s College urging bosses to cut all ties with fossil fuel firms after students camped out in the college quad to protest against investments.
The college, which is the wealthiest in Oxford, currently invests around £8m in BP and Shell.
Download the new Independent Premium app
Sharing the full story, not just the headlines
A five-day student occupation, which ended on Sunday, attracted support from Oxford alumni around the world — including award-winning poet and writer Mark Abley.
But the group of graduates has accused college leaders of “dismissing” the action taken by students.
It comes afterProfessor Andrew Parker, principal bursar of the college, told students demanding divestment that he could insteadarrange for the gas central heating to be switched off.
The letter from alumni, which has been sent to Professor Parker and the college’s president, says: “In light of your troubling response to this peaceful occupation and continued refusal to align your endowment with climate justice, as alumni and alumnae, we cannot in good faith donate to St John’s, the University of Oxford, or any college which has not made a divestment commitment at this time.”
Last month,an analysis revealed that almost all of Britain’s top universities have pledged to at least partially divest from fossil fuels following years of campaigning from students.
Oxford and Cambridge have committed to remove investments from coal and tar sands companies, but they are still subject to student-led campaigns over their links to the fossil fuel industry
Just last week, another Oxford college, Balliol College, agreed to reduce investments in fossil fuel companies “as far and as fast as is practicable” following increasing pressure from students.
Julia Peck, who launched the open letter on behalf of alumni, said: “I think this occupation will be a watershed moment. It comes at a really crucial time when student campaigners are actively taking divestment proposals to the highest decision-making bodies of the university.
Only the best news in your inbox
“This is a moment where Oxford leadership have clearly seen the amount of public support among the students, the faculty and the alumni. This kind of thing has never happened at an Oxford college.
“Now the heat has really turned up on the colleges who have their own endowments. They can make just as strong a statement about aligning themselves as climate justice as can the university.”
(Suzanne Williams )
A spokesperson for St John’s College said the college had received a lot of correspondence following the protests, adding that the views expressed “have been mixed and on both sides of the debate”.
They said: “We would like to assure you that, like many of our students, the president, bursar and fellows of St John’s are deeply concerned about climate change — indeed some directly work on aspects of it.
“The college is conscious of many calls for divestment. In response to this, we set up a working group in 2019 which is conducting a wide-ranging review of current policies, sustainable finance and ‘intentional’ investing — how trustees might reflect their charity’s aims and values in their investment policies.
“This work will, of course, continue and we expect to bring recommendations to the governing body by the end of the academic year.
“It is absolutely crucial in our view, that divestment does not become a divisive debate.”
This website or its third-party tools use cookies, which are necessary for analytics and its functioning and required to achieve the purposes illustrated in the cookie policy, including the personalization and analysis of ads and content. If you want to learn more or withdraw your consent to all or some of the cookies, please refer to the cookie policy.
By clicking on Accept you are agreeing to the placement of cookies on your device.
Further use of our site shall be considered as consent. You may view our Privacy Policy and Cookie Policy here for more information.
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Strictly Necessary Cookies
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.