Posted on 11/22/2021 1:26:21 PM PST by Oldeconomybuyer
BOSTON (AP) — Boston Mayor Michelle Wu signed an ordinance Monday designed to divest the city from fossil fuels.
The ordinance will prohibit the use of public funds from being invested in the stocks, securities or other obligations of any company that derives more than 15% of its revenue from fossil fuels.
The ordinance also extends to companies deriving more than 15% of revenue from tobacco products or private prison industries.
Wu, a former city councilor sworn in as mayor last week, said the move is the culmination of a yearslong push to distance Boston from the fossil fuels that are helping drive the climate change that is threatening the coastal city.
“This is deeply personal for many of us and urgent,” Wu said during a signing ceremony at Boston City Hall. “My older son Blaise was born in the first year they I served in this building and the first year that we started to hear it was the hottest year ever on record. Since then, his six years alive on this planet have each been our hottest on record.
“We’re moving quickly to make sure that Boston will set the tone for what is possible for that brightest greenest future for all of our kids,” Wu added.
The ordinance will pull $65 million immediately out of the fossil fuel industry, said Boston City Councilor Lydia Edwards, a supporter of the ordinance. The measure was unanimously approved by the Boston City Council last week.
(Excerpt) Read more at apnews.com ...
Boston Mayor Michelle Wu
I’ve figured out the problem.
Ok....turn off the heat to her house. And from now on she walks to work.
Leave it to a virtue signaling urban progressive mayor to think she can make a killing on expired Solyndra stock options
How does she get to work, what is she wearing on her feet, her back, how about that cell phone, enjoying your fights around the state and beyond? sick of these despicable hypocrites.
Wondering what Bob Grant would have said today.
“As I predicted decades ago, we have slipped and slid into third worldism.”
May Mother Nature give Ms. Wu a swift kick in the ass about the end on January.
Fossil fuel energy companies should tell Boston that they don’t have fuel for winter heating and that they should look elsewhere.
Let the MARXIST shits freeze.
This should play hell with the idea that all Asians are smart. This woman is demented, but definitely a loyal party member. She’s also a liar, with regard to the “hottest year on record” BS.
$65 million will not be removed from the industry....presumably somebody else will buy the divested stocks and bonds. Virtue signaling of the worst kind.
The oil heaters won’t run this winter!
They named a town after her: Marblehead.
Has she even been Mayor for a week yet?
How is Methadone Mile looking lately? I have not been by in 10 months or so.
No, she took the office 6 days ago.
F***ing morons. The politicians and the massholes who voted for them.
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