La Trobe University commits to fossil fuel divestment

Issue 
La Trobe University has become the first university in Australia to commit to full divestment from fossil fuel.

La Trobe University has become the first university in Australia to commit to full divestment from fossil fuel companies.

Vice-chancellor John Dewar said that over the next five years, La Trobe will “divest from the top 200 publicly-traded fossil fuel companies ranked by the carbon content of their fossil fuel reserves.”

He said the University was also committed to transparency and “Accordingly, we will also disclose the carbon exposure of our investments and provide annual reports of our divestment progress over the next five years”.

Fossil Free campaigner and La Trobe student Michaela Carter welcomed the decision, saying it “vindicates years of work to get the university to take a responsible attitude toward their investment portfolio”.

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