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San Francisco Fossil Fuel Divestment Movement Takes Its First Steps Against Big Oil

2013-04-25 19:38:00| Climate Ark Climate Change & Global Warming Newsfeed

Huffington Post: The San Francisco Board of Supervisors unanimously passed a resolution Tuesday urging managers of the city's public employee retirement system to withdraw the approximately $580 million they have invested in major fossil fuel producers. "The Retirement Board can divest responsibly without affecting the fund's security or yield," Supervisor John Avalos told the San Francisco Chronicle. "This is a great time to make a statement about how we can hold the fossil fuels companies accountable." While...

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