divestment

City of Eugene
10:33 pm
Mon January 13, 2014

Eugene To Take Closer Look At Fossil Fuel Divestment Options

Credit City of Eugene

An initiative to add Eugene to a growing list of U-S cities choosing to divest from fossil fuel companies gained early traction Monday night.  With a unanimous vote, the City Council decided to take up the issue at a future meeting.

Currently Eugene does not directly invest in any fossil fuel companies, but it does invest about a half million dollars indirectly through the state-run Local Government Investment Pool.  

 Mayor Kitty Piercy is pushing the divestment initiative, in part, to further the city’s sustainability goals.

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