11 U.S. CITIES TO DIVEST FROM THE FOSSIL FUEL INDUSTRY
Exciting news: Gail McLaughlin, Mayor of Richmond, CA and Tom Bates, Mayor of Berkeley, CA today committed to pursuing the goal of fossil fuel divestment!
This is a big deal because the mayors will make sure that each city keeps its money out of companies like Chevron and Exxon. They’ll also encourage the pension funds for their city employees to divest.
Berkeley and Richmond aren’t alone: two days ago, the Board of Supervisors in San Francisco announced that they would push the city’s $16 billion pension fund to divest over $580 million from the fossil fuel industry. And today, the Mayors Innovation Project and the City of Seattle, which committed to divestment last fall, together with the group ‘Fossil Free’ announced that eight more cities will be joining the campaign. The list includes Santa Fe, NM, Madison, WI, Bayfield, WI, Ithaca, NY, State College, PA, Eugene, OR, and Boulder, CO.
Image credit: Fossil Free