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Boulder council declines to reopen investment decision after public calls to divest from Microsoft, Caterpillar
Summary
After extensive public comment urging the city to divest from Microsoft and Caterpillar over their roles cited in a U.N. report, Boulder City Council held a straw poll and determined there was not a "material change of law or fact" warranting reconsideration of the city's investment decision.
Councilmember Taisha Adams asked the Boulder City Council on Aug. 21 to reconsider the city's investments in Microsoft and Caterpillar, citing a recent U.N. report and arguing the holdings conflict with Boulder's Sustainability, Equity and Resilience Framework.
Adams told the council: "We must not lose sight of the power of our local cities and states when it comes to saying no to genocide in Gaza, in Sudan, in Congo, and anywhere that poisonous root rattles." She asked the council to remove the two companies from the city's portfolio.
The request followed more than an hour of public comment in which multiple residents, faith and advocacy groups and service providers urged divestment and linked the companies'…
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