UC regents support renewable energy but not coal and oil divestment

A UC regents committee decided Wednesday not to sell off stocks and holdings in oil, coal and natural gas from the university’s $91-billion endowment and retirement funds but moved to have environmental and social issues more deeply influence investment decisions. The action disappointed student activists who had been pressing the university to divest its holdings in fossil fuel industries out of concerns that burning those fuels is hastening climate change. About 35 students at times stood up at the meeting holding orange signs declaring "Divest" but did not disrupt the meeting in San Francisco. At the minimum, activists in the Fossil Free UC group wanted regents to...