University of Edinburgh ditches US drone investment after student concern

110426-M-PW854-022The University of Edinburgh has pulled the plug on its investment in a US drone component maker after a review of its portfolio, but continues to fund oil and gas companies.

The university, which is ranked by the Times as the 46th best university in the world, bowed to pressure from students and campaign groups by getting rid of its £400,000 investment in Ultra Electronics.

The firm, which is based in Middlesex, produces components for use in US drones, but the university has concluded that providing financial support for such a company does not align with its “socially responsible” investment ethos. However, the university still has holdings in oil companies Shell and Total.

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