A New Twist For Fighting Climate Change: Show Us The Money!
30 May 2019 |
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At GreenTown Los Altos we’re always looking for innovative ways to fight climate change. And we found one. The keyword is Divestment.
Both Los Altos and Los Altos Hills invest monies in an array of industries. Including the fossil fuel industry.
Fossil fuel companies Chevron and Exxon and many offending lenders are in our local governments’ financial portfolios. We’d like to ask that our communities stay clear of all things related to the fossil fuel businesses and are asking your help to do so.
What we’d like to encourage?
No more investing in fossil fuel companies. No more investing in lending institutions that fund them or to the companies themselves. The top four offending lenders who’ve funded these companies to the tune of about $500 billion in the last three years alone (source: RAN 2019) ) are Bank of America, Citibank, J.P. Morgan, and Wells Fargo.
The idea to divest isn’t unique. Neighboring communities including Mtn. View, Sunnyvale, Palo Alto and Fremont all have divestment ordinances in place already. We’d be jumping on the bandwagon that makes environmental sense.
Make your voice heard by writing the councils:
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