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Category: Pensions

A Year of Climate Safe Pensions

For the last year we’ve campaigned for Washington’s $200 billion pension and investment fund to make a plan to transition out of the fossil fuel industry, significantly ramp up investments in climate solutions, and use its ownership power to push companies to align their business practices with meeting the Paris Climate Accords. We’re a year into this campaign and are excited to share some updates with you on our work and how you can engage!

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Divestment campaign activists in front of Wells Fargo bank in Seattle

We Need a Public Bank

Fifteen months after the Seattle City Council voted unanimously to cease banking with Wells Fargo, it has renewed a three-year contract with the climate-wrecking bank. This is why we need a public bank.

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Battling Investment as Usual

Sitting in the Pacific Building in the morning on March 9th, I learned an important lesson: high-powered decision-making is incredibly dreary. The halls of power (at least in Seattle) are lined with drywall and floored with shabby office carpet. Windowless conference rooms are stocked with the same drab plastic tables you would find in any corporate office. This seemed intentional—and a bit ironic, given that the people in this room could have a serious impact on climate change.

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Tell May Murray: Divest already!

On Wednesday, over 150 people delivered a financial report to Mayor Murray showing that over the last ten years, the City of Seattle’s pension fund (SCERS) has lost $65 million by remaining invested in fossil fuels.

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