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Eureka council approves letter urging CalPERS divestment, adds language on 'war profiteering'
Summary
After more than an hour of public comment urging action, the Eureka City Council voted to send an amended letter asking the California Public Employees' Retirement System to divest from companies that support the Israel–Gaza conflict and to refrain from investing in 'war profiteering.'
The Eureka City Council voted to send a letter to the California Public Employees' Retirement System asking it to divest from companies that staff and residents say support the Israel–Gaza conflict, and added language asking CalPERS to refrain from investing in companies "engaged in war profiteering." Council action came after a staff presentation and more than an hour of public comment urging the council to act.
City Manager Slattery presented a draft letter for council consideration and clarified the item would not remove Eureka or its employees from participation in CalPERS. Slattery told the council the item was a request for information and a potential letter to CalPERS and noted "CalPERS invests right now $556,000,000,000 of investments" while acknowledging that pinpointing the percentage tied to companies that…
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