The following motion was passed at a quorate branch meeting on 15th October 2025.
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Motion for USS to divest from fossil fuels
This branch notes that:
- The Intergovernmental Panel on Climate Change states that global emissions must decrease by 45% by 2030, and this means there must be no new fossil fuel projects;
- As of August 2025, 116 universities had divested fossil fuels. But the USS board of directors still refuses to do so, and UUK has not yet pushed USS with its £72.9bn fund to divest;
- Fossil fuel investments perform worse than nearly all others, particularly renewables, according to a 2021 report by Imperial Business School and the International Energy Agency;
- USS was forced to write off £500m in Russian investments in 2022, much of which was in coal, oil, gas and their banks;
- USS’s own Ethical Investment Survey of members in 2019 showed a large majority wanted to divest fossil fuels, but the board buried the report until it was sued;
- The USS board continues to appoint members who are executives from the fossil fuels industry, including British Coal and HSBC (Europe’s second largest fossil fuel funder).
This branch believes that:
- University staff understand the science and evidence of climate change and the ecological damage caused by fossil fuels;
- University staff have the right to ensure that their pension investments contribute to preserving a healthy, living planet, and does not bankroll coal, oil or gas;
- University staff care about protecting their pensions and savings from poor financial decision-making.
This branch resolves:
- To circulate the petition for USS to divest fossil fuels at https://divestuss.org/petition-uss/ to members by email and social media, and encourage members to sign, within the next month;
- To be listed on the petition website as a branch that supports divesting from coal, oil and gas, and shifting investment to renewable energy and other ethical economic activities;
- To write to the university to demand that the employer calls on USS to divest from fossil fuels;
- To submit a motion to Congress to state that unless there is agreement UCU must open a dispute with UUK within a month, and collectively bargain for USS to divest fossil fuels without delay, and use its shareholder votes to decarbonise all companies.
Essex UCU environmental reps
Dr Elia Valentini, Dr Jane Hindley and Dr Nina Markl