
Regents to discuss UCOP audit, approve budget
The UC Board of Regents will meet to approve the appointment of a new student region, discuss UCOP audit and vote on the UC Office of the President’s 2017-18 fiscal year budget.
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The UC Board of Regents will meet to approve the appointment of a new student region, discuss UCOP audit and vote on the UC Office of the President’s 2017-18 fiscal year budget.
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Fossil Free Cal, a nonregistered student organization on campus, staged a sit-in inside Sproul Hall on Monday to voice its demand for the university to divest completely from fossil fuel companies by 2025.
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UC Chief Investment Officer Jagdeep Singh Bachher announced at the Tuesday meeting of the UC Investments Subcommittee the university’s decision to divest from Energy Transfer Partners and Sunoco Logistics, two companies that own part of the Dakota Access Pipeline.
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Nearly two months after former president Barack Obama’s administration halted construction of the Dakota Access Pipeline, President Donald Trump has reinstated it, prompting many campus community members to criticize the University of California for its investment in DAPL’s construction.
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The UC Board of Regents convened Wednesday at UCSF Mission Bay for the first time this year, marking the first regents meeting held during President Donald Trump’s presidency.
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During the UC Board of Regents finance committee meeting Friday, the university revealed that it had invested in the House Fund — a $6 million venture capitalist fund exclusively for on campus student, alumni and faculty startups.
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UC Berkeley students and alumni took a stand against UC investment in fossil fuels by staging an all day sit-in Wednesday at the UC Office of Investments in Oakland.
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At its meeting Wednesday, the UC Board of Regents’ Committee on Investments voted to approve a recommendation from the UC task force on sustainable investing to continue the university’s investments in fossil fuel companies.
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The UC Task Force on Sustainable Investing presented its recommendations Friday to the UC Board of Regents’ Committee on Investments, advocating that the university’s investment portfolio reflect environmental concerns while minimizing explicit discussion of divestment from fossil fuel companies.
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The University of California’s $11.2 billion endowment has produced the worst investment returns of the 10 richest colleges in the country over the past decade, an analysis by The Center for Investigative Reporting shows.
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