Deepak Rajagopal in The Daily Bruin: UC Regents Investments Committee announces full divestment from fossil fuels
The University of California Board of Regents Investments Committee announced Tuesday it has completely divested from fossil fuels. The massive decline in the cost of renewable energy from solar, wind, and the falling price of storage battery technologies means demand for fossil fuels will steadily decrease, said Deepak Rajagopal, an associate professor with the Institute of the Environment and Sustainability and Department of Urban Planning. The UC’s decision to divest may have a spillover effect, Rajagopal added. The UC’s decision to divest might encourage other universities and large institutions to divest from fossil fuels, not only because it is a moral choice, but also because it will be a financially sound choice leading them to divest, he said.