"Investing in fossil fuel companies makes no sense--from a social, or financial, or educational perspective. Under the carbon budget of the Paris Agreement, ~ 33% of known oil reserves, 50% of natural gas reserves, and 80% of coal reserves must remain in the ground and not be burned. This creates "stranded assets" that will decrease the market value of oil, gas, and coal companies as eventually the stock markets realistically values known reserves… Further, the social cost of carbon is already high and will continue to rise rapidly along with the GHG emissions. UC is about the environment and the quality of life we pass on to our students and future generations, and the UN reports clearly indicate that we can and must stop burning fossil fuels. Fossil fuels are no longer responsible or ethical investments. "
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