We posted earlier about UC's investment in a clean energy fund.* There is more about this matter in an editorial in the Sacramento Bee. It seems that UC has been "tasked" by Bill Gates. And the editorial has other info on how things happen nowadays.
The Californians associated with the historic clean energy venture fund announced by Bill Gates at the Paris climate conference on Monday are, in many ways, the usual public-spirited suspects – Tom Steyer, Mark Benioff, Reid Hofman, Mark Zuckerberg. One
participant, however, is a standout. The University of California is
the multibillion-dollar fund’s sole institutional investor, at least for
the moment. That’s something for Californians to be proud of, but long
term, it’s also a concern... (I)t’s not surprising that UC’s chief investment officer, Jagdeep Singh Baccher,
jumped at the chance when the Indian auto and steel mogul Ratan Tata
told him about Gates’ plan for a global clean energy R&D fund... In a telephone briefing on Monday, Gates said UC was the only
institutional investor the group had invited, and said the university
would be tasked with drawing others in as the fund takes shape...
Full editorial at http://www.sacbee.com/opinion/editorials/article47210520.html
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*http://uclafacultyassociation.blogspot.com/2015/11/feel-good-story.html
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