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2026-05-28 15:26:39
[Cambridge University Withdraws Hundreds of Millions of Pounds from Fossil Fuel Industry Financing; Barclays, HSBC, and Others Face Deposit Losses] ⑴ Cambridge University is withdrawing hundreds of millions of pounds from financial institutions that have provided financing to the fossil fuel industry, leading to deposit losses for local banks such as Barclays and HSBC. ⑵ The university has already transferred £135 million in cash and money market investments from major commercial banks to domestic building cooperatives and other smaller financial institutions. ⑶ Cambridge University continues to push other UK universities away from banks that support the expansion of the fossil fuel industry, and more funds will be transferred out in the future.
