CEO of Tasmanian Ethical Super, Stuart Barry will visit the fossil fuel divestment
protesters at the Vice Chancellor’s office at 10.00am as the sit-in enters its third day.
Students are holding firm in their plan to remain in peaceful protest until UTAS
agrees to divest from fossil fuels.
“The University of Tasmania has approximately $30 million invested in fossil fuel
companies,” said Fossil Free UTAS spokesperson Mell Jones.
“This is unacceptable in a world threatened by the devastating effects of climate change, we
have to address climate change now if we want a safe future for our generation and
generations to come.”
“There are people in many parts of the world who are already experiencing the devastating
effects of extreme weather conditions and rising sea levels.”
“We intend to remain in the Chancellery until The University of Tasmania commits to divest
its $300 million investment portfolio from fossil fuels.”
“It’s incredibly frustrating to be taught about the need for climate action by UTAS, whilst
they invest in the industry that causes climate change.”
“The Australian National University managed to avoid losing its students money by divesting
from fossil fuels,” said Tasmanian Ethical Super CEO, Stuart Barry.
“Commodities, including coal and oil have hit rock bottom rendering new projects like
Adani’s Carmichael mine as stranded assets.”
“We have seen the market capitalisation of coal companies collapse across the world, they are
one of the worst performers in the market at present.”
Mell Jones, Alex Tomlinson, Fossil Free UTAS
