{"id":16846,"date":"2019-09-18T15:15:12","date_gmt":"2019-09-18T19:15:12","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/university-of-california-pension-fund-to-dump-fossil-fuel-investments-135929"},"modified":"2019-09-18T15:15:12","modified_gmt":"2019-09-18T19:15:12","slug":"university-of-california-pension-fund-to-dump-fossil-fuel-investments","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2019\/09\/18\/university-of-california-pension-fund-to-dump-fossil-fuel-investments\/","title":{"rendered":"University of California pension fund to dump fossil fuel investments"},"content":{"rendered":"\n<div class=\"alignleft clearfix\">\n<div class=\"wp-caption feature-image alignleft\"> <img decoding=\"async\" loading=\"lazy\" width=\"316\" height=\"190\" src=\"https:\/\/www.benefitscanada.com\/wp-content\/uploads\/2017\/12\/27099712_m.jpg\" class=\"attachment-feature size-feature wp-post-image\" alt title=\"University of California pension fund to dump fossil fuel investments\"> <\/div>\n<\/p><\/div>\n<p class=\"byline\"> <span>The Canadian Press<\/span>&nbsp;|&nbsp;September 18, 2019 <\/p>\n<p>The University of California is dumping fossil fuel investments from its nearly $84 billion pension&nbsp;and endowment funds, calling them a financial risk.<\/p>\n<p>An opinion article in Tuesday\u2019s <em>Los Angeles Times<\/em> says the university will make its endowment fund \u201cfossil free\u201d by month\u2019s end and its pension fund, which covers 320,000 people,&nbsp;will soon follow.&nbsp;<\/p>\n<p><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/news\/divesting-from-fossil-fuels-doesnt-mean-sacrificing-returns-report-118976\">Divesting from fossil fuels doesn\u2019t mean sacrificing returns: report<\/a><\/strong><\/p>\n<p>The article was written by the university\u2019s treasurer and the chair of its Board of Regents Investment Committee.<\/p>\n<p>A global campaign for universities and other organizations to disinvest has been waged by climate activists for nearly a decade but the article says the decision was made for financial rather than political reasons.<\/p>\n<p>The article says&nbsp;the university is placing bets \u201cthat clean energy will fuel the world\u2019s future.\u201d<\/p>\n<p> <a href=\"https:\/\/www.benefitscanada.com\/news\/university-of-california-pension-fund-to-dump-fossil-fuel-investments-135929\">Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Canadian Press&nbsp;|&nbsp;September 18, 2019 The University of California is dumping fossil fuel investments from its nearly $84 billion pension&nbsp;and endowment funds, calling them a financial risk. An opinion article in Tuesday\u2019s Los Angeles&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/16846"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=16846"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/16846\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=16846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=16846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=16846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}