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REAL MEDIA 2017 / ISSUE 97 9 ARE HARINGEY GAMBLING WITH £2BN OF COUNCIL ASSETS? DIVESTMENT CAMPAIGN SUCCESS SEES MORE PROMISE OF DIRECT ACTION AT CAMPUSES The Haringey Development Vehicle would be a joint 50/50 venture with the property development company, which became infamous after the controversial deal at the Heygate estate in Southwark. As well as making blacklists against construction workers, and being fined $56m for corruption and overcharging in the US, the company's Heygate estate development caused uproar after the company failed to replace any social housing, instead pricing the 284 new homes between £350,000 and £1.1m and giving the council £3.5m to build social housing 'elsewhere.' The company said in 2013 that providing social housing units would force them to create a second entrance and lift shaft to separate the residents. These have since been dubbed 'poor doors.' Further, Southwark council spent £65m evicting tenants, which added up to more than the £55m Lend Lease had originally paid for the land, leaving the council out of pocket. The deal in Haringey threatens a similar outcome but on a much bigger scale. Some residents have already reported being serve with notices to vacate their property without right of return once the development is complete. Local MPs, Unite the Union and the official Labour parties of Tottenham have come out against the plan. You can find out more by following @2billiongamble Roger Hallam, PhD research student at King's College, lead a series of escalating actions ranging from spraypainting the college building to a hunger strike, resulting in the campaign's success in just eight weeks. On 9th March the university announced a new commitment to full divestment from fossil fuels by 2022, as well as an increase in socially responsible investments (aiming to reach 40% by 2025). Over 90% of students supported divestment at the institution. 'In this day and age it is no longer tolerable to have these investments,' Hallam said. 'This is not about polar bears, it is about mass starvation, hundreds of millions of refugees, failed states and everything that comes with it. It is a total emergency.' The success has encouraged other campaigns to embolden themselves, with Fossil Free UCL now promising daily direct actions beginning with a flashmob at the campus to force the Chair of the Council, Dame Julius (who was on the board of BP for ten years) to divest the university's £12.5million oil investments. 'There is a conflict of interest at the heart of UCL and I think that's the main problem here for why they haven't divested' said one student. Find out more at Fossil Fuel UCL. Haringey Council has chosen Lend Lease as preferred bidders for £2bn of council assets including land, parks, cafes, houses and more. The success of the King's College Climate Emergency campaign has spurred on other universities such as UCL to commit to action until universities divest from fossil fuel. Photo by: Rikki Blue