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University of California official says system has $32 billion in holdings targeted by protesters

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University of California official says system has  billion in holdings targeted by protesters


SACRAMENTO, Calif. (AP) — Investments in weapons manufacturers and a wide array of other companies by the University of California targeted by students protesting the Israel-Hamas war represent $32 billion – or nearly one-fifth – of the system’s overall assets, the system’s chief investment officer says.

UC Chief Investment Officer Jagdeep Singh Bachher unveiled the estimate Tuesday at the first public Board of Regents meeting since nationwide pro-Palestinian student protests began in April. The calculation was in response to a letter he received last month from the UC Divest Coalition, which is scrutinizing the system’s overall $175 billion in assets.

The group asked for the system to halt its investments in weapons manufacturers, the investment firms Blackstone and BlackRock, and two dozen companies across the entertainment, technology and beverage industries.

Bachher said that would apply to investments that include: $3.3 billion in holdings from groups with ties to weapons manufacturers; $12 billion in U.S. treasuries; $163 million in the investment firm BlackRock and $2.1 billion in bonds that BlackRock manages; $8.6 billion from Blackstone and $3.2 billion from the other 24 companies.

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“We pride ourselves on a culture of transparency,” Bachher said, adding that it is important to listen to and engage with students.

The University of California system said last month it would not boycott or divest from Israel, and the regents have not indicated a change in position during this week’s meetings.

In 1986, the regents voted to divest $3.1 billion from companies doing business with South Africa’s apartheid government after more than a year of student protests. The system also dropped its investments in fossil fuels in 2020.

For weeks, students at campuses across the country have been protesting and setting up encampments at their universities to call on them to be more transparent about their investments and to divest from companies that financially support Israel. The demonstrations have led to disruptions, arrests and debates over free speech rights. Tensions between protesters, law enforcement and administration at the University of California, Los Angeles, have garnered some of the most attention.

The protests stem from the current Israel-Hamas conflict which started on Oct. 7 when Hamas launched an attack on southern Israel in which militants killed about 1,200 people, mostly civilians, and took roughly 250 hostages. Vowing to destroy Hamas, Israel launched an offensive in Gaza that has killed more than 34,500 Palestinians, around two-thirds of them women and children, according to the Health Ministry in the Hamas-ruled territory. Israeli strikes have devastated the enclave and displaced most of Gaza’s inhabitants.

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In a letter provided to The Associated Press by the UC president’s office, the UC Divest Coalition — which is made up of anti-war student advocates across UC campuses — asked the university system to end any investments in “companies that perpetuate war or weapons manufacturing, including companies that give economic support to the state of Israel, and therefore perpetuate the ongoing occupation and genocide of the Palestinian people.”

“Investment in arms production is antithetical to the UC’s expressed values and the moral concerns of the students, workers, and faculty that the Regents represent,” the letter says.

The United Nation’s top court in January ruled that Israel must do all it can to prevent acts of genocide in Gaza but did not order an end to Israel’s military activities in the territories. The ruling was in response to a case brought by South Africa accusing Israel of committing genocide in violation of international law. Israel has denied that it is committing genocide.

The coalition did not immediately respond to requests for comment sent via email and social media on the letter and the $32 billion estimate.

At a meeting that lasted nearly two-and-a-half hours Tuesday, some students and faculty called for the system to divest from groups with ties to Israel, some faculty raised concerns about antisemitism and Islamophobia on campus, and regents asked investment committee members what it would mean to divest.

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Holly Yu, a student studying ethnic studies at the University of California, Merced, urged officials to recognize that students are “expected to continue our everyday lives” as the death toll rises in Gaza.

“Please listen to the voices of your students and stand in solidarity with us by divesting immediately,” Yu said.

Regents said that the question of what it would mean to divest does not have a straight-forward answer.

“We need to be able to articulate to our students that are demanding divestment as to why it’s not so simple,” Regent Jose M. Hernandez said. “It’s not just a matter of selling a coupon and saying ‘okay, we don’t want this, so we’re going to invest in another company.’”

___

Austin is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues. Follow Austin on the social platform X: @sophieadanna

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California Quietly Kills Electric Bike Vouchers, Sending Money to EV Incentives Instead | KQED

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California Quietly Kills Electric Bike Vouchers, Sending Money to EV Incentives Instead | KQED


“I think that’s really unfortunate that we’re responding to the current federal situation by limiting Californians’ ability to get really the cheapest and most economical, sustainable transportation option, instead of sort of doubling down and saying, ‘We have this really low-cost option that opens trips up for more people, and then we also have this other option for people who need cars,’” Ramsey said.

CARB’s e-bike program, created by a bill passed in 2022, faced difficulties getting off the ground. It wasn’t until 2024 that the agency began issuing $1,750 vouchers for a range of approved bikes to people whose annual household income fell under 300% of the federal poverty line. An additional $250 was available to applicants who met further income criteria.

The program was designed to expand access to an affordable transportation model, especially for non-drivers and people with limited mobility.

While it was heralded initially as an ambitious, and significant, step toward clean transportation, it also invited widespread criticism after a slow rollout, multiple pushed-back application timelines and two state investigations into Pedal Ahead, the nonprofit chosen to administer the vouchers.

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A child rides an electric moped along the Mill Valley Bike Path in Mill Valley on Aug. 5, 2025. (Beth LaBerge/KQED)

Applicants also expressed frustration over technical issues with the application process once it got underway.

While the state’s electric vehicle incentive program has a rolling application process, the e-bike voucher program, by contrast, requires people to log onto the website at a prescribed time, click the application portal at just the right moment and enter their information under a time crunch.

“I found it a little bit surprising that the same entity would have two similar voucher programs run completely different ways … when they had an existing program that was already working, that was distributing a large amount of money as well,” Ramsey said.



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Nature tour highlights historic importance of California oak trees during the fall

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Nature tour highlights historic importance of California oak trees during the fall


The Shumway Oak Grove Regional Park in Stockton launched an autumn nature walk for the community to get an inside look at how important California’s historic oak trees are, especially during the fall.

Carolyn Dougherty is a volunteer naturalist at Oak Grove Nature Center and led a group of people on Sunday morning for a new nature walk, which kicked off this fall: “Autumn Among the Oaks”.

“During the autumn, we talk about what’s happening here in the autumn, like our oak galls and our acorns,” Dougherty said. “And what animals are doing and what our Yokuts tribes were doing at this time of year, which was gathering acorns to store for the winter.”

Dougherty is a retired educator and a big advocate for lifelong learning, not just for herself but to share knowledge with others — especially at this Oak Grove preserve.

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“We are a preserve,” Dougherty said. “And I’d like people to understand why the importance of preserving the oak groves isn’t just because of the trees but all of the species that each tree supports.”

Dougherty said these oaks are keystone species, supporting up to 4,000 different species like California scrub-jays, acorn woodpeckers, California ground squirrels, and Western lizards.

“This is my second time taking this tour because I find it fascinating,” Dr. Julie Bates-Livesay, a Stockton resident, said. “And so I got to learn more about galls that grow on oak trees that we make ink out of them, that historic documents were written in the ink produced by them.”

Dougherty said the Yokuts Trail and Miwok Trail were named to pay homage to the ancestors of the area. And as these leaves fall this season, one of the goals of the tour is to have an appreciation for California’s rich history.

“To know where we came from and just to have a deeper appreciation of native California history…the importance of our landscape and what our native landscape contributed to our indigenous people, and how it transformed with our agriculture and industry,” Dougherty said.

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Dougherty says 80% of these groves in California are unprotected and can be affected by development and agriculture.

“So, each time that we can protect a little pocket of it is important to us,” Dougherty said.

“Come out and be in nature,” Dr. Bates-Livesay said. “We’re very fortunate to live where we live, to have access to this kind of a nature environment. Whether it be here, at Oak Park, or in Lodi, at Lodi Lake, or a little further up the hill at one of our California or National Parks. We’re blessed here in California to have that kind of access.”

With each step the local community members took with the tour, they learned to appreciate the oaks, their history, and the steps it takes to preserve the land amidst this season.

“To see the park being utilized, from everything from frisbee golf to these kinds of educational tours is a big thing,”  Dr. Bates-Livesay said.

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“I think it’s really important to understand where we came from, and that our part in this life is to be a good steward,” Dr. Bates-Livesay said. “And the only way you can be a good steward is if you even know that nature exists and that you’re a part of that.”

There will also be a Sandhill Crane Festival in Lodi next week. Dougherty told us these habitats were once threatened, but with the help of conservationists and local farmers working together, she says the cranes are coming back.

There are tours for different seasons with different topics related to the season, along with a nature center with different programs. Some of those include walks, school tours, an “Astronomy in the Park” monthly event to see stars, and hands-on learning for people of all ages.

For Dr. Bates-Livesay and her friends, they capped off the tour with a picnic among the oaks.

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It rained a lot in October. Is fire season over now?

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It rained a lot in October. Is fire season over now?


This autumn brought something that isn’t always common for much of California — a decent amount of rain in October. Rather than heat waves, there have been umbrellas.

After years in which some of the worst wildfires in state history happened in the fall, a lot of people are wondering: Is fire season over?

It depends on where you live, fire experts say. And simply put, there’s more risk in Southern California right now than Northern California.

“We have not yet seen enough rain in Southern California to end fire season,” said Daniel Swain, a climate scientist with the University of California division of Agriculture and Natural Resources. “But we probably have in Northern California.”

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A car traverses a flooded stretch of Interstate 880 on Monday, Oct. 13, 2025, in Oakland.(AP Photo/Noah Berger) 



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