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The Triton
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Karamally, A. (2017, March 16). UC Divests from Dakota Access Pipeline Companies. The Triton. Retrieved from http://triton.news/2017/03/uc-divests-dapl-companies/ The UC has been divesting and will continue to divest from Energy Transfer Partners and Sunoco Logistics, two companies involved in the construction of the Dakota Access Pipeline, according to Jagdeep Singh Bachher, Vice President of investments and Chief Investment Officer of the Regents. This statement comes after several protests and a UC-wide day of action against the Pipeline. “I think this is a good start and it shows how much power the student voice really has. This is a result of countless hours of work by students across the UC system and I am confident that we will see follow-through on UCOP’s commitment.” said Brody Patterson, president of the Native American Student Alliance at UCSD. Bachher, however, noted that the decision was purely economic, despite significant pressure, including phone calls and postcards, from students and community members. He stated that the “headline risks, social risks, and environmental risks” of these investments would erode the financial returns. UC San Diego Library, UC San Diego, La Jolla, CA 92093-0175 (https://library.ucsd.edu/dc/contact)
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