Posts by Sandy Emerson

SFERS Finally Takes Up Fossil Fuel Divestment

After a number of delays, and following well behind the wake of New York City’s recent divestment announcement, the San Francisco Employees Retirement System (SFERS) will take up the question of fossil fuel divestment on January 24. As the posted notice says: “The Retirement Board will conduct a special meeting to hear the fossil fuel divestment…

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SoCal 350 Climate Action Hosts Legislative Training

workshop attendees

The Greater LA Legislative Committee, coordinating volunteer legislative climate action from a number of 350-related groups in the greater Los Angeles area, kicked off on December 3 with a well-received training at Glendale Community College. The event, and the Committee, are the brainchildren of Dan Brotman, chair of the SoCal350 Climate Action legislative committee. Thirty…

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San Leandro Moves to Divest from Wells Fargo

On November 20 the City Council of San Leandro took steps to divest from Wells Fargo by voting unanimously to move a $700,000 bond out of Wells Fargo Bank when it comes up for renewal. As soon as staff vacancies in the finance department have been filled, the Council further resolved to begin the process of seeking a new banking partner for its $5 million city banking business.

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Activists Protest Megabanks’ Fossil Fuels Investments

Protest Megabanks Fossil Fuels Investments

On October 23, activists mounted the largest-ever protest of megabanks’ investments in fossil fuels, with #DivestTheGlobe actions in more than 60 cities, 10 countries and 4 continents. Led by indigenous rights groups, activists marched on their local megabanks to demand an end to funding for fossil fuel projects.  The Divest the Globe protest was timed to…

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Big Investors Challenge Banks to Disclose Climate Risk

UK responsible investment non-profit ShareAction and US-based Boston Common Asset Management have organized a letter campaign from 100 investors with combined assets of nearly 2 trillion dollars that asks 62 of the world’s largest banks to disclose financial climate risk. Targeted banks include JP Morgan Chase, Citibank, US Bank, Wells Fargo and other megabanks.

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