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University of California Divests Coal, Tar Sands; Palm Springs Saves $25M with Solar
Saturday, September 12, 2015 13:05
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One of the World’s Largest Universities Divests From Coal and Tar Sands. Yielding to pressure from campaigners across the state who spent years pushing the University of California (UC) to divest its holdings from fossil fuels, the university system’s chief investment officer announced yesterday that the $91 billion fund would begin by pulling all direct investments out of coal and tar sands mining companies. Those investments, totaling $200 million, have already been removed.
Palm Springs to save $25 million by going solar. Palm Springs expects to save nearly $25 million over the next 25 years by installing solar panels at eight sites around the city, including the convention center and the downtown parking structure.
