Academic Senate votes in support of divestment resolution
UC San Diego Academic Senate
UC San Diego’s Academic Senate announced the passage of a resolution calling on the UC Regents to divest the University of California’s investment portfolio of stocks in companies whose primary business concerns the extraction and sale of fossil fuels. According to its 1868 charter, governance of the University is shared between the Regents and the Academic Senate. The vote by tenure-track faculty and academic leadership took place electronically over a two week period ending May 11.
The resolution recognizes the threat of global warming and UCSD’s pioneering contribution to climate science. It also acknowledges the risk to the UC endowment and pension funds from the prospect of falling fossil fuel stocks. [Read more…]