The university issued a simple statement stating that it would, in future, be investing its money ethically. The uni named some mining and resources companies, including Santos, from which it would divest.
Australian Ethical Super
Unfortunately it appears someone didn't do their homework. The Fin carries a story today suggesting that the named companies - and particularly Santos - are, in fact, very ethical investments.
Another story coincidently noted that the big four accountancy firms have issued a statement of support for the Beijing government. They called for students to stop protests calling for more democracy in Hong Kong.
I wonder how they would justify, ethically, why they felt so compelled to tell the students what to do? What moral code is at work here?
Or are they just more worried about the financial viability of their mainland operations?