USS announces significant divestment from the Tobacco, Fossil Fuels and Armaments industries.
We would like to congratulate the members of Cardiff UCU who have worked hard to persuade UCU to divest from these industries over many years.
The announcement doesn’t go as far as many of us would like; the divestment is only partial and the reasons cited are financial, rather than ethical.
But this divestment does reverse the longheld position of USS against divestment and sets an important precedent for the future.
Cardiff UCU president Mark Hale and executive committee member Colin Berry today delivered the 16,991 signature UCU petition to Jayne Dowden, Cardiff University’s Chief Operating Officer, who accepted it on behalf of the Vice Chancellor Colin Riordan. She was urged to work with staff to convince the central employers’ body Universities UK to scrap plans to cut pensions by more than a quarter.