UCL concluded its investments were consistent with its ethics policies just one day after promising to conduct a review.
The Provost Michael Spence, 62, (inset) doubled down on the University’s vast investment portfolio in companies accused of being complicit in Israel’s continued assault on Palestine.
A spokesperson said: “After a thorough investigation we have determined that none of our investments violates our ethical investment policy.”
It comes as UCL updated its ethical investment policy to permit genocide and war profiteering.
It said a consultation on the change was held between 24-26 December during which it recorded no dissenting voices.
A UCL spokesperson said: “The investment review forced us to take some tough decisions head on.
“Namely, that the moral principles implied by our old ethics policy, such as respect for human rights and the rule of law, no longer apply in this increasingly polarised world.
“Labels such as ‘war criminal’ and ‘evil’ are not helpful. We must find common ground by learning to disagree well.
“Anyway, we really need the money to fund Michael’s big vanity project in the Quad. God knows you 9k’ers don’t pay enough in tuition to keep us afloat.”
This article appeared in CG89
