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No.928 Friday 15th November 2024 varsity.co.uk The Independent Student Newspaper since 1947
▲ DAVID JOHNSON
Trinity backtracks on divestment
Trinity has ‘no interest’ in divesting from arms
Master ‘regrets’ support for Ukrainian students College continues to hold Israeli drone shares
Wilf Vall Senior News Editor Trinity College has not cut ties from investment in any arms companies, despite previous reports that the College had decided to divest last term. Senior members of the College allegedly told the Trinity College Student Union (TCSU) that “Trinity will be and is in the process of divesting” in Easter Term. However, in a recent meeting with the College’s undergraduate (TCSU) and postgraduate (BA Society) students’ unions, the Master stated that Trinity had “no interest in divesting from arms companies”. During the meeting, the Master of Trinity, Dame Sally Davies, stated that there was a “consensus” in the College against cutting ties from arms companies. This came after the College’s Council minutes stated that reports of divestment were “based on inaccurate statements made by the President of the TCSU,” and that Council is currently in the process of “reviewing the College’s investments”. Freedom of information requests seen by Varsity also show the College has maintained investments in multiple arms companies. This includes Elbit Systems which produces 85% of the drones and land-based equipment used by the Israeli army. Trinity was issued a legal notice over potential “complicity” in “war crimes,” over their investments in Elbit Systems in Lent term, due to their ties to “plausible genocide” in Gaza. The College also holds shares in other arms companies that feature on the Boycott, Divestment & Sanctions (BDS) Movement list, which urges individuals to cut ties with companies associated with the war in Gaza. Among these companies is BAE Systems, Europe’s largest defence contractor. The centralised University has faced
repeated calls from students to cut its own ties with the company. When asked whether Trinity would introduce a humanitarian response fund for the war in Gaza, similar to its response to Ukraine, Davies indicated that she “regretted” the support the College gave to Ukraine and the precedent this set for responses to war and humanitarian crises. In 2022, the College established a £250,000 relief fund for Trinity and Cambridge students from Ukraine facing hardship following Russia’s invasion. College Council minutes indicated that this action was “in accordance with its charitable objective”. At this meeting the College also made the decision to divest from Russian companies. This came as the University confirmed that they had no investments in Russian industries following the invasion of Ukraine, and indicated that they had taken steps to “ensure arrangements were in place” to ensure the safe return of any students and academics in Ukraine. They also launched a University-wide response fund for those affected by the war in Ukraine, along with offering individual grants to support researchers from Ukraine. In June the University also announced a hardship fund to support all students affected by conflict, with initial funds of £100,000 being set aside to offer emergency assistance. When the College was asked to take a stance on the conflict in Gaza in 2024, they cited their “obligations as a registered charity” and declined the request. Trinity is the richest of all Oxford and Cambridge Colleges, holding an endowment of over £2 billion. Some of the College’s assets include the O2 Arena in London, and 400 acres of housing facilities at the Port of Felixstowe, Britain’s busiest container port. Continued on page 3 ▶
Inside ● Female students systematically disadvantaged pg. 3 ● An interview with Cariad Lloyd pg.15 ● What’s on in Cambridge? pg. 30 ●