Gallery: San Francisco Board Passes Resolution to Divest $583 Million f...

 

San Francisco’s board of supervisors unanimously passed a resolution to divest $583 million from the fossil fuel industry. The resolution will move funds from the San Francisco Employee Retirement System (SFERS), which currently invests in 91 out of 200 fossil fuel corporations, and will deliver a huge blow to companies like Chevron, ExxonMobil and Shell Oil. After an extensive campaign led by 350.org that has spread to over 100 cities and 300 college campuses across the United States, San Francisco’s board of supervisors has voted to make their city the third, after Ithaca and Seattle, to stop funding the fossil fuel industry once and for all.

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