The campaign calling on The Open University (OU) to divest from fossil fuel companies, Fossil Free OU, protested with like-minded people and groups at the Walton Hall Campus in Milton Keynes a couple of weeks ago to coincide with a meeting by The OU Council. The OU Council are the executive governing body of The OU who will make the ultimate decision on divestment from fossil fuel companies.
A spokesperson for Fossil Free OU said “We were forced to protest at The OU campus because The OU has met calls from students, graduates, academic and non-academic staff, donors, societies, clubs and others for divestment from fossil fuel companies with what can be described as a criminal level of indifference and apathy. Almost 500 people have already signed a petition calling on The OU to divest from fossil fuel companies”.
The OU advised on the 5th of March 2018 that while they do not currently hold any direct investments in fossil fuel companies they hold no plans to not invest directly in these companies in the future. The OU also claimed on the 5th of March 2018 that they do not even hold any information about whether or not if they currently have any indirect investments in fossil fuel companies.
The OU then confirmed on the 8th of March 2018 that in 2017 they had £381.4 million invested across government stock, investment funds, money market funds and banks including Barclays.