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San Francisco Commission urges retirement board to divest fossil fuel holdings, approves accelerated timetable
Summary
The San Francisco Commission on the Environment on Jan. 23 approved a resolution urging the city’s retirement board to divest from fossil fuel companies, adding amendments that call for immediate sales of poorly performing fossil assets and a timeline for full divestment.
The San Francisco Commission on the Environment voted on Jan. 23 to urge the San Francisco Employees’ Retirement System to divest from fossil fuel companies, adopting amendments that require immediate sale of assets with sustained negative returns and set a deadline for broader divestment.
Commissioner Eddie Ahn, who sponsored the resolution with Commissioner Ollos, framed the item as both a moral and a financial obligation. “The resolution calls for divestment as full and expeditious,” Ahn said during…
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