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For Immediate Release
June, 18 2014, 12:37pm EDT
Contact:
Ophir Bruck, 415-609-2409, ophirbruck@gmail.com, Divestment Organizer with Fossil Free UC and the California Student Sustainability Coalition
Jay Carmona, 510-502-0752, jay@350.org, National Divestment Director
Oakland City Council Votes to Divest from Fossil Fuel Companies
Oakland becomes 5th California city to divest; Council, 350.org urge CalPERS to act
WASHINGTON
The Oakland City Council today unanimously approved a measure divesting city funds from all investments in any company "whose primary business or enterprise is extraction, production, refining, burning and/or distribution of any fossil fuels." The council recommended that city pension funds also divest and urged the California Public Employees Retirement System (CalPERS), one of the nation's largest managers of public pensions, with $288 billion in retiree assets under management, to follow suit and eliminate fossil fuel companies from their portfolios.
Oakland becomes the fifth city in California to pass a fossil fuel divestment resolution and the 25th city in the nation, joining the ranks of San Francisco, Seattle and Portland.
"I'm thrilled that Oakland City Council took a strong stand to divest from fossil fuels companies that emit heat-trapping greenhouse gases, and to protect our communities by opposing the transport of hazardous fossil fuels by rail through the heart of Oakland," said Dan Kalb, Oakland City Councilmember, and author of the Council resolutions. "Divesting from a dirty energy economy will add Oakland's voice to a growing movement that makes it clear that the old way of fueling our economy is not sustainable for our cities and our planet."
The move is part of a fast-growing fossil fuel divestment movement, which has spread to over 500 campuses, cities, faith communities, labor unions and pension funds around the nation, calling on institutions to take bold action against climate change by aligning investments with a clean and equitable energy future. So far, 12 colleges and universities, 27 cities, two counties, 30 religious institutions, and 27 foundations in the U.S. and around the world have pledged to divest or have done so already.
Ophir Bruck, an Oakland resident and organizer with Fossil Free UC, the University of California divestment campaign, said Oakland's action could embolden the Board of Regents of the nation's leading public university to act: "This move positions Oakland as a climate leader and should encourage the UC Regents, who are exploring the possibility of divesting UC's $88 billion portfolio from fossil fuels, to stand on the right side of history by divesting for our future."
Efforts on the measure were spearheaded by 350 Bay Area, a regional group aligned with the international climate change organization 350.org, which supports fossil fuel divestment efforts worldwide via its Go Fossil Free campaign.
Added Oakland resident and 350 East Bay divestment activist Janet Cox: "I was really glad to the Council take a strong stand in support of the environment and the fight to halt devastating damage to the climate. Governments and NGOs are going to have to act if we're going to survive climate change, and this resolution puts Oakland in the vanguard. Oakland will be able to lead on this critical issue."
350 is building a future that's just, prosperous, equitable and safe from the effects of the climate crisis. We're an international movement of ordinary people working to end the age of fossil fuels and build a world of community-led renewable energy for all.
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Ninety-five-year-old Richard Falk—world renowned scholar of international law and former UN special rapporteur focused on Palestinian rights—was detained and interrogated for several hours along with his wife, legal scholar Hilal Elver, as the pair entered Canada for a conference focused on that nation's complicity with Israel's genocide in Gaza.
"A security person came and said, ‘We’ve detained you both because we’re concerned that you pose a national security threat to Canada,'” Falk explained to Al-Jazeera in a Saturday interview from Ottawa in the wake of the incident that happened at the international airport in Toronto ahead of the scheduled event.
“It was my first experience of this sort–ever–in my life,” said Falk, professor emeritus of international law at Princeton University, author or editor of more than 20 books, and formerly the UN special rapporteur on the situation of human rights in the Palestinian territories.
Falk, who is American, has been an outspoken critic of the foreign policy of Canada, the United States, and other Western nations on the subject of Israel-Palestine as well as other issues. He told media outlets that he and his wife, also an American, were held for over four hours after their arrival in Toronto. They were in the country to speak and participate at the Palestine Tribunal on Canadian Responsibility, an event scheduled for Friday and Saturday in Ottawa, the nation's capital.
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No one works hard enough to justify being a billionaire. pic.twitter.com/Ezvf5fPLfv
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[image or embed]
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