The Regents of the University of California, Oakland, today postponed a vote on the divestment of the university's $100 million in Sudanese-related holdings, confirmed Trey Davis, spokesman.
The board of the $64 billion endowment did vote to establish a task force to further consider the issue and to express its concern over reports of human rights atrocities by the Sudanese government to its investment managers, Mr. Davis said.
The regents will revisit the issue at their next meeting on March 15-16.
The decision comes as pension plans in California and other states — including Illinois, Oregon, and New Jersey — have divested or prohibited investments in Sudanese companies.
Baylee DeCastro, spokeswoman for the student-run UC Sudan Divestment Taskforce, said today's decision on the task force was "an important first step toward comprehensive and substantive divestment."
