divesting from fossil fuels

Newcastle and the Hunter region in New South Wales are the focus of the Monumental Imaginaries exhibition. Cathy Peters reviews the works of artists commenting on the magnitude of the transformation required for a rapid energy transition.

After a two-year campaign by students and staff, the Queensland University of Technology (QUT) Vice Chancellor Peter Coaldrake has committed to divest the university’s $300 million endowment fund of its shares in coal, oil and gas companies.

The move, announced on September 2, means QUT has joined three other Australian universities — Australian National University, La Trobe University and the University of Sydney — in a global divestment movement to withdraw support from industries fueling climate change.

Fossil Free UTas began a sit-in on October 14 outside the office of University of Tasmania's vice-chancellor, Peter Rathjen. The sit-in lasted a marathon 15 days. The University of Tasmania has not yet committed to divesting from fossil fuels, but negotiations between the university and Fossil Free UTas are now underway. The sit-in gained community awareness and support for the campaign. The students received national and international media attention, and their actions sparked similar campaigns in other parts of the country.