A sign outside Trinity College, University of Cambridge on May 22. Photo: Tim Ireland/Xinhua via Getty Images

The University of Cambridge said this morning that it "aims to divest from all direct and indirect investments in fossil fuels by 2030" and plans to ramp up renewable energy investments.

Why it matters: With one of the largest endowments in Europe at £3.5 billion ($4.45 billion), the U.K. school " arguably becomes the most prominent university to aim for divestment," per Institutional Investor.

The intrigue: Cambridge also said that going forward, research funding and other donations will be reviewed to ensure donors can show "compatibility with the University’s objectives on cutting greenhouse gas emissions before any funding is accepted."

  • The school has pledged to cut its greenhouse gas emissions to zero by 2038. 

Go deeper: Cambridge university to dump fossil fuel investments by 2030 (Financial Times)

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Ben Geman, author of Generate
Oct 22, 2020 - Energy & Environment

U.S. cities' lagging climate progress

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Reproduced from a Brookings Institution report; Chart: Axios Visuals

A just-published Brookings Institution analysis of U.S. cities' pledges to cut carbon emissions reveals very mixed results.

Why it matters: The potential — and limits — of city and state initiatives have gotten more attention amid President Trump's scuttling of Obama-era national policies.

Pence to continue traveling despite aides testing positive for COVID-19

Marc Short with Pence in March. Photo: Drew Angerer/Getty Images

Marc Short, Vice President Mike Pence’s chief of staff, tested positive for the coronavirus Saturday and is quarantining, according to a White House statement.

Why it matters: Short is Pence's closest aide, and was one of the most powerful forces on the White House coronavirus task force. Pence and second lady Karen Pence tested negative for the virus on Sunday morning, according to the vice president's office.

AOC: "Extremely important" that Biden offer Bernie Sanders a Cabinet position

Rep. Alexandria Ocasio-Cortez (D-N.Y.) said on CNN's "State of the Union" Sunday that she believes it's "extremely important" that Joe Biden offer Sen. Bernie Sanders and other progressive leaders Cabinet positions if he's elected president.

The big picture: Ocasio-Cortez was pressed repeatedly on policy differences between her and the more moderate Biden, including her opposition to fracking and support for Medicare for All. She responded that it would be a "privilege" and a "luxury" to be able to lobby a Biden administration on progressive issues, insisting that the focus right now should be on winning the White House.