As of Dec. 31, 2023, the Foundation held a $277 million endowment. Most of the money is held in mutual funds, equating to $16 million in fossil fuel investments.
Tag: fossil fuels
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Cal Poly continues to invest in fossil fuels despite the CSU system abandoning the practice
Cal Poly Corporation will continue to invest in fossil fuels, despite momentum from a California State University (CSU) decision on Oct. 6 to stop its own further investment. Former CSU Chancellor Joseph I. Castro announced last year that the CSU system would no longer make any future investments in fossil fuels. Castro has since resigned, […]
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Students respond to Cal Poly Corporation’s sustainable transportation campaign
Physics senior Katarina Brekalo steps outside the door of her apartment to the bus stop where she is picked up 15 minutes before the hour. She hops onto what is usually an empty bus. She then takes this 3B bus route for just under ten minutes to Cal Poly’s campus and arrives with five minutes […]
Posted inAdministration, Campus Climate, Features, News, Top Stories
“Divest the CSU”: Student body calls for fossil fuel divestment
Cal Poly has been recognized as a leader in sustainability, but one factor taints this title — fossil fuel investment. The fight against fossil fuel investment is spreading across San Luis Obispo and the California State University (CSU) system, as a group of students are calling for these universities to divest from fossil fuels. Months […]