As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by DAILYCALLER.COM:
Boston officials announced plans to divest the city’s portfolio from fossil fuel companies during a ceremony with federal lawmakers and activists on Monday.
In her first act in office, recently sworn-in Democratic Boston Mayor Michelle Wu signed an ordinance ordering the city to divest from the fossil fuel industry as well as the tobacco and private prison industries by 2025, according to the announcement. The action was unanimously approved by the Boston City Council on Nov. 17.
The article goes on to state the following:
The move calls for the city to withdraw $65 million from its portfolio immediately, the Associated Press reported. Roughly 15% of Boston’s revenue comes from fossil fuel investments.
Wu released a statement that read, “In this closing window of time to act, Boston must lead by taking every possible step for climate justice. Divesting from harmful industries to invest in sustainable and healthy jobs is not only the pathway to a green and resilient future; it’s also the most responsible stewardship of taxpayer dollars.”
The mayor referred to the measure as an important step toward achieving the “Boston Green New Deal.”
‘Boston Green New Deal’: Boston To Divest From Fossil Fuels, 15% Of City’s Revenue https://t.co/TOprtLiI1Y
— Daily Caller (@DailyCaller) November 24, 2021
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