When most people think of Oxford, what comes to mind are images of bright minds debating quantum physics or the existence of God. But even the brainiest sometimes need a lesson in common sense.
That’s exactly what the bursar at St. John’s College—the most richly endowed college at Oxford—delivered when he responded to students occupying his 15th-century quadrangle and refusing to leave until the college divested its oil-company shares. The students want the college to sell the more than $10 million of its endowment now invested in Shell and BP, and they want it now.
The Times of London reports that bursar Andrew Parker made them a counteroffer. “I am not able to arrange any divestment at short notice,” he wrote. “But I can arrange for the gas central heating in college to be switched off with immediate effect. Please let me know if you support this proposal.”
