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UC money plan aids environment, but divestment uncertain
UC money plan aids environment, but divestment uncertain

A UC panel proposed Tuesday that environmental and social issues should influence how the system invests its $91 billion in endowment and retirement funds. But the group stopped short of endorsing the sell off of holdings in the fossil fuel industries that student activists are seeking. Entering a debate about environmental responsibility that has roiled college campuses nationwide, the new UC plan has sections that are crafted to please social justice activists and environmentalists. For example, it includes an ambitious goal of investing $1 billion in UC funds over the next five years in renewable energy, energy efficiency and sustainable agriculture. But the issue of divesting from...

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