{"id":35048,"date":"2015-05-21T16:33:30","date_gmt":"2015-05-22T02:33:30","guid":{"rendered":"http:\/\/www.hawaii.edu\/news\/?p=35048"},"modified":"2021-08-31T12:36:27","modified_gmt":"2021-08-31T22:36:27","slug":"board-of-regents-approves-fossil-fuel-divestment","status":"publish","type":"post","link":"https:\/\/www.hawaii.edu\/news\/2015\/05\/21\/board-of-regents-approves-fossil-fuel-divestment\/","title":{"rendered":"Board of Regents approves fossil fuel divestment"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span><figure id=\"attachment_35063\" aria-describedby=\"caption-attachment-35063\" style=\"width: 630px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2015\/05\/bor-group-2015.jpg\" alt=\"\" width=\"620\" height=\"306\" class=\"size-full wp-image-35063\" srcset=\"https:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2015\/05\/bor-group-2015.jpg 620w, https:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2015\/05\/bor-group-2015-260x128.jpg 260w\" sizes=\"auto, (max-width: 620px) 100vw, 620px\" \/><figcaption id=\"caption-attachment-35063\" class=\"wp-caption-text\">Regents, divestment task group and Divest <abbr title=\"University of Hawaii\">糖心Vlog官方<\/abbr> supporters celebrate <abbr>糖心Vlog官方<\/abbr> fossil fuel divestment.<\/figcaption><\/figure>\n<p class=\"clear-photo\">The University of <span aria-label=\"Hawaii\">Hawai&#699;i<\/span> <a href=\"https:\/\/www.hawaii.edu\/admin\/regents\/index.php\">Board of Regents<\/a> has voted to divest the university&#8217;s $66-million endowment from fossil fuels, such as coal, oil and gas companies.<\/p>\n<p>In January 2015, the Board of Regents approved the appointment of a task group comprised of <abbr>糖心Vlog官方<\/abbr> regents, students, faculty and staff to investigate divesting <abbr>糖心Vlog官方<\/abbr>&#8217;s endowment from fossil fuels.<\/p>\n<p>&ldquo;The board approached its discussion on divestment with the spirit of collaboration,&rdquo; said <abbr>糖心Vlog官方<\/abbr> Board of Regents Chair <strong>Randy Moore<\/strong>. &ldquo;The divestment task group was comprised of faculty, students, administrators and board members. The result was a superb collaborative effort and the final outcome represented the best of shared governance.&rdquo;<\/p>\n<p>The task group worked closely with the board&#8217;s investment manager <abbr>UBS<\/abbr> Financial Service, Inc. to evaluate potential divestment options as well as impacts to the investment goals and policies.  <abbr>UBS<\/abbr> says it has seen an increasing number of institutional investors seeking fossil fuel-free funs, and anticipates that eventually such funds will be offered at competitive fees.<\/p>\n<p>The task group recognized that the act of divestment would not directly result in the reduction of carbon emissions. However, the task group concluded that the value of divestment is to galvanize the <abbr>糖心Vlog官方<\/abbr> community to take action in invest in the production of alternative energy, to make energy-saving investments and to change institutional as well as individual behaviors.<\/p>\n<p>According to <a href=\"http:\/\/www.gofossilfree.org\">gofossilfree.org<\/a>, worldwide, more than 200 colleges and universities, cities and counties, religious institutions and foundations have pledged to move fossil fuel investments elsewhere. <abbr>糖心Vlog官方<\/abbr> is one of the biggest universities to divest.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Regents vote to divest the university\u2019s $66-million endowment from coal, oil and gas companies.<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1193,28],"tags":[72,73,947],"class_list":["post-35048","post","type-post","status-publish","format-standard","hentry","category-administrative","category-governance","tag-board-of-regents","tag-sustainability","tag-uh-system","entry","no-media"],"aioseo_notices":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/posts\/35048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/comments?post=35048"}],"version-history":[{"count":12,"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/posts\/35048\/revisions"}],"predecessor-version":[{"id":147273,"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/posts\/35048\/revisions\/147273"}],"wp:attachment":[{"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/media?parent=35048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/categories?post=35048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/tags?post=35048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}