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Eric Halgren  “UC San Diego is a national leader in clean energy and sustainability and home to one of the oldest and most respected centers of climate change research. Investing now in renewables and other climate solutions, and divesting from fossil fuels will further our leadership, hasten implementation of climate solutions, and is the best way to keep our retirement funds growing.”
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Erin McMullen and Mukta Kelkar  “We believe in socially responsible investing of our tuition dollars by the UC Regents. Since students give them thousands of dollars a year, our tuition needs to go towards creating a better future for ourselves and future generations, meaning that investments need to reflect our values as students who seek the creation of a more socially just and equitable world.” |
Bill McKibben “This would be one of the biggest moments in the seven-year history of the fossil fuel divestment movement. It would add momentum and weight to the fast-growing global movement to directly confront the forces that are directly responsible for the climate crisis.” |
Kim Stanley Robinson  “We need to make four-fifths of the identified fossil fuels on the planet “stranded assets” by never burning them. This is a good contribution to that crucial action.” |
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Sasha Gershunov
Scripps Institution of Oceanography  “UC is a beacon of progress and should strive to be on the progressive side of history in all sensible ways. This includes UC’s investments”
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Tom Newman
UCSF Professor Emeritus  “As a UCSF professor emeritus who has degrees from UCSC, UCSD and UCB, I have great affection for the University of California. I would like to become even more proud of UC by seeing us join the many other universities, cities, medical associations and other entities that have divested from fossil fuel companies. It is the right thing to do, both morally and financially.” |
Adam Aron
“Fossil fuel divestment is the largest corporate divestment campaign in history. Like the case of the anti-apartheid campaign, it helps raise awareness and gets people connected and engaged”. |
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Postdoc Union “UAW 5810 – the Union for Postdocs at the University of California is pleased to endorse the Memorial in the Academic Senate in which the faculty petition the regents to divest the endowment of all investments in 200 publicly traded fossil fuel companies with the largest carbon reserves. We reject the notion that postdocs or other junior researchers are served by the gains of an investment portfolio that bets against our collective future. Many of us work with the UC faculty leading advanced research into climate change and its impacts for workers and communities in California and around the world. We also reject the premise that divestment would be detrimental to the financial health of the endowment in any case, and look forward to the University of California aligning its investments with the rest of its ambitious emissions-reduction agenda.” |
Clair Brown
Investing in fossil fuel companies makes no sense–from a social, financial, or educational perspective. Under the Paris Agreement, ~ 33% of known oil reserves, 50% of natural gas reserves, and 80% of coal reserves must remain in the ground . This creates “stranded assets” that will decrease the market value of oil, gas, and coal companies as eventually the stock markets realistically value reserves… Further, the social cost of carbon is already high and will continue to rise along with the GHG emissions. UC is about the environment and the quality of life we pass on to students and future generations, and the UN reports clearly indicate that must stop burning fossil fuels. Fossil fuels are no longer responsible or ethical investments.” |
Milton Saier UCSD Molecular Biology  “For both moral reasons and investment purposes, divestment from all fossil fuel corporations by the entire UC system seems highly advisable. Considering the global warming consequences of gas and oil, it is simply not practical to continue burning these fuels; they should be left in the ground. Moreover, UC fossil fuel holdings have lost value since UC students initially suggested divestment, and as the use of fossil fuels declines, the value of these holdings will undoubtedly drop further.” |
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