United States: Seattle Mayor Calls for City’s Pension Funds to Dump Oil Stocks

Grist: Student groups at 192 colleges and universities are calling on their schools` endowments to sell off stocks in fossil-fuel companies, inspired by a 350.org campaign that we`ve reported on before. Now that campaign is spreading from campus to city hall, as Climate Progress reports: Seattle Mayor Mike McGinn is now calling on his city to strip fossil fuels from its two main pension funds. According to the city's finance director, Seattle has $17.6 million invested in Chevron and ExxonMobil, as well...

URL: http://grist.org/news/seattle-mayor-calls-for-citys-pension-funds-to-dump-oil-stocks/