University of California sheds investments in coal and oil sands companies
SEP 11, 2015
DOI: 10.1063/PT.5.029198
Los Angeles Times : The University of California’s chief investment officer, Jagdeep Bachher, has announced that the UC system will sell off $200 million of its stock holdings in coal and oil-sands companies. The decision, which was made in part due to growing concerns over pollution and environmental issues, has met with approval by student activists and environmental organizations. Although the move will probably not have much financial effect on the industries in question, it may prove important in swaying public opinion regarding fossil fuels and the potential harm they pose in the form of greenhouse gas emissions and other air pollutants.
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