09/11/2015
Update from the CSSC Fossil Free Campaign:
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UC DIVESTS DIRECT HOLDINGS FROM COAL AND TAR SANDS
What began in 2008 has culminated in an important campaign victory. For several years, the California Student Sustainability Coalition's student, alumni, and staff leaders have addressed the issue of unsustainable and unethical fossil fuel investments in the University of California (UC). Having first explored responsible investment frameworks and continuing with an initial exposé on the UC’s investments in the top ”filthy 15” coal companies, the campaign evolved to demand divestment from ALL fossil fuels. After years of strategic campaigning and dedicated student organizing, the Fossil Free UC campaign has reached an incredible milestone:
Late Wednesday afternoon on September 9th, the University of California’s Investment Office announced that it has divested $198 million of the university’s nearly $100 billion portfolio from coal mining and oil companies focused on tar sands extraction. This was in addition to their commitment of implementing sustainable investing criteria across their investment portfolio.
[Read the full statement below]
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Although the Foothill-De Anza district divested from fossil fuels two years ago, we must support our companions in UCs and CSUs in their efforts to transform their campuses in sustainable communities by shifting to clean energy.
The UC still holds billions of dollars of investment in oil and gas, but this symbolizes a huge victory for the Fossil Free California (previously Fossil Free UC) campaign and for students throughout California.
Check out the campaign at fossilfreeuc.org or visit their FB page at facebook.com/FossilFreeUC
http://us1.campaign-archive1.com/?u=cda685d8d9a820700e50c0acf&id=8be909c18a&e=599513dacf
What began in 2008 has culminated in an important campaign victory. For several years, the California Student Sustainability Coalition's student, alumni, and staff leaders have addressed the issue of unsustainable and unethical fossil fuel investments in the University of California (UC). Having fir…
