U of California Sells $200M in Coal, Oil Sands Holdings

September 10, 2015

The University of California system has sold $200 million in endowment and pension fund holdings in coal and oil sands companies, The Los Angeles Times reported. While the university has not adopted a formal divestment policy, officials said that environmental concerns were a factor in the decision. Officials also cited greater financial risk in investments in these companies than has been the case in the past.

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