Posted on 11/26/2021 8:13:30 AM PST by rktman
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 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.
“In this closing window of time to act, Boston must lead by taking every possible step for climate justice,” Wu said in a statement. “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.”
She added that the action was an important step in the goal of achieving a “Boston Green New Deal.”
(Excerpt) Read more at dailycaller.com ...
Bostonians asked for it. They got it. Now they get to sleep in it.
One thing Green Energy will never be accused of is lowering prices.
So they diverts…buying opportunities
NO THANKS!
Who cares.
The only thing interesting in the article is the mis reporting by the AP. They are not taking $65M OUT of their portfolio. They will move it to other investments. It just goes to show how stupid the people are who write for the AP can be.
This is typical for libtards, especially enviro wacko types. The disinvestment does nothing to reduce carbon or any other enviro hot point (pun intended), but it makes them feel good.
Will she remove the dreadful CITGO sign seen in many Fenway Park pictures ?
.
Perfect timing, sell oil now when it’s down 11% today.
Pretty sure a lot of us understand their “honorable/noble” intentions. Of course the ‘mare’ and her ilk won’t suffer from any of this so.........
Democratic Boston Mayor Michelle Wu>>>>>>>>>>>>>>>>>
The elders of Boston’s Chinatown will arrange a one way ticket for her to Beijing.
She would be right at home in China.
She’s obviously a communist.
Too many indoctrinated college kids voting in Boston.
The Koumintang Party still maintains offices in Boston’s China Town. Wu may have a very short political life.
And Boston has the Citgo sign!
However,ten bucks says that she *will* remove every statue of a white man currently found in the city.
With a little work, they could replace the sign with a hammer + sickle.
Yep.
.
Climate “justice” my a** - they’re going to destroy their populace who won’t be able to heat their homes or have reliable food supplies.
True.
.
Oh, and Fenway Park is a sewer. It has to be the most disgusting ball park in all of Major League Baseball. Seriously, it is a real dump. I have not been there in years myself.
The last time that I went there was about 9 years ago, with free tickets. Yeah, I got to sit behind a steel girder and I could not see the Infield well, nor the scoreboard. I cannot believe that people actually pay money to sit in those seats.
That site should have been razed decades ago.
Why do we keep using lefty language? It’s not “fossil fuel”! How about petroleum? Or the fuel that drives capitalism?
Elections have consequences. Flee Boston. Run for your lives. Get out while you can.
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