Previous MondayTuesdayWednesdayThursdayFridayNext


____ Thursday September 10, 2015 ____

Share

____________________
Oil

University of California System Divesting from Coal & Tar Sands

Brooklyn, NY - At a meeting of the University of California Board of Regents' Committee on Investments this afternoon, Chief Investment Officer Jagdeep Singh Bachner issued the following statement:

“So for us, this is not just about here’s a set of beliefs and a set of values, we are going to be live & transparent about it on our website, we’ve gone one step further as part of our house keeping and managing risks over the course of the year, and selling our direct holdings, to reiterate, in coal mining companies, oil sands focused companies..."

As a comparison The University of California's Board of Regents manages a systemwide fund of approximately $91 billion. By comparison, Harvard University's endowment stands at $33 billion.

Source 350.org

The Exchange Morning Post is a free business news service. Consider making a voluntary payment, to help us make this business and market news service better. Thanks in advance, your contribution is appreciated.
Content published on this site represents the opinion of the individual/organization and/or source provider of the Content. ExchangeMagazine.com is non-partisan, online journal. Privacy Policy. Copyright of Exchange produced editorial is the copyright of Exchange Business Communications Inc. 2015. Additional editorials, comments and releases are copyright of respective source(s) and/or institutions or organizations.


Exchange Magazine for Business
Subscription options:

Exchange Magazine Paper Version
Exchange Magazine - Digital version


_____________________


_____________________


_____________________


 

Subscription Options