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September 19, 2019

University of California to Divest from Fossil Fuel Companies
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The University of California has voted to divest from fossil fuel
companies. Writing in the Los Angeles Times, two top university
investment officials said it was the long-term risk posed by fossil fuel
investments, rather than concerns over the environment, that led them to
pull some $150 million in fossil fuel assets from the university
endowment. Nonetheless, climate activists are hailing the move. 350.org
founder Bill Mc Kibben tweeted that the presidents of Harvard, Yale,
Stanford, the University of Michigan and others should follow suit,
adding, "If the biggest system in the country has decided it must sell
its oil stock, the pressure on these guys will go way up."


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