Figures show that €100,000 of the University of Groningen’s funding was invested in weapons and fossil fuels

The Groningen University Fund (GUF) writes that it has invested around €100,000 in companies involved in the production of weapons such as firearms, missiles and ammunition. financial doug brad Wednesday. Financial Daily also found that GUF has funds invested in tobacco and fossil fuels.

GUF is an independent foundation with a capital of €10 million. He was founded in 1893 by a group of professors from the University of Groningen. fund It aims to promote learning at the university in the “broad sense”. Each year, it subsidizes research-related trips abroad by students and other scientific or cultural pursuits by students. It also provides funding for scientific conferences, symposiums and workshops in Groningen and the North of the Netherlands.

All GUF officers belong to RUG. They may have been unaware of the fact that some of the fund’s money is being invested in companies that profit from the production of weapons, non-renewable fossil fuels, or manufacture products that are harmful to health. As Financieele Dagblad points out:

At this time, the fund appears to be focused on maximizing returns under its management and does not appear to have an ethical screening policy for its investments.