Divestment

PARTIAL VICTORY!

An essential part of the climate crisis movement is to make institutions divest their holdings in fossil fuel funds.

In July 2019, after a years-long campaign started by the students, a majority of voting faculty on all 10 campuses approved the memorial that specified divestment from fossil fuel funds held in the UC Endowment. See here for the campaign website.

On Sept 17th 2019, UC financial officers announced they would divest both the endowment AND the pension of all fossil fuels!

The UCSD Guardian carries the story here.

NOW WHAT ABOUT THE PENSION?

January 2019. To date the endowment has literally been divested but the process for the pension is still ongoing at the level of committees such a TFIR (senate task force on retirement) and the UCOP.