Wednesday, September 17, 2014

University of California Poised to Keep Investments in Fossil Fuels

The University of California is poised to keep its investments in fossil fuels despite calls, by students and faculty, for divestment. The university's Committee on Investments has instead decided to increase investments in alternative energy. The committee approved a plan that would invest one billion dollars in renewables over five years and create a framework for future sustainable investments. The committee did not approve immediate divestment from fossil fuels at the recommendation of a task force convened by UC president Janet Napolitano. Nick St. Charles filed this report.