"By standing with us, we were able to be the first university that was able to divest from major weapons manufacturers Lockheed Martin, Caterpillar, Palantir and Leonardo," a student named Adeel told the more than 100 students in attendance at the rally on Thursday.
"And to continue the work that was started by the liberation movements of the 60s, and to say we do not want education to be invested in the killing apparatus of the state and global imperialism," said SFSU Professor Omar Zaza to cheers.
In a statement, the San Francisco State University Foundation said, in part, "The results of this plan will... strengthen the Foundation's stated commitment to reflect the University's values... while also increasing transparency around investments."
The university has a $163 million endowment. Its current guideline limits investment in fossil fuels, and will now add removing investments in any company whose revenues come from weapons manufacturing.
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