For Immediate Release
CCAN Applauds D.C. for Divesting its $6.4 Billion Pension Fund from Fossil Fuels
WASHINGTON - Today, D.C. Councilmember Charles Allen joined environmental and philanthropic leaders to announce that the District of Columbia Retirement Board (DCRB) has divested its $6.4 billion fund from all direct investments in 200 of the world’s most polluting fossil fuel companies. On Tuesday, June 7th, the D.C. Council will vote on a ceremonial resolution honoring the DCRB's action.
“The District of Columbia Retirement Board deserves our applause for taking bold and decisive action to divest from fossil fuel companies. Global warming is already causing record flooding, heat and storms in D.C. and across our region, threatening our health, economy and future. We must take immediate action, and the District is taking a big step forward by cutting financial ties with oil, gas and coal companies that are responsible for creating this crisis and blocking our path to solutions.
The Chesapeake Climate Action Network (CCAN) is the first grassroots, nonprofit organization dedicated exclusively to fighting global warming in Maryland, Virginia, and Washington, D.C. Our mission is to build and mobilize a powerful grassroots movement in this unique region that surrounds our nation’s capital to call for state, national and international policies that will put us on a path to climate stability. - See more at: http://www.chesapeakeclimate.org/index.php?option=com_k2&view=itemlist&layout=category&task=category&id=7&Itemid=11#sthash.9cgEG60o.dpuf