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Residents urge Chino Hills to divest $2.5 million bond holdings from Caterpillar; council notes limits of city authority
Chino Hills City Council · September 24, 2024
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Summary
Two residents urged the council to adopt a divestment policy to remove the city's $2.5 million Caterpillar bond holdings, alleging the company’s products are used in human rights abuses; the council did not act and staff noted portions of statements were outside the scope of city business.
During the public comment period two residents urged the council to divest the city's $2.5 million Caterpillar bond holding and asked for a broader city divestment policy targeting companies involved in alleged human rights abuses.
A resident identified as Jasser said the city’s $2,500,000…
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