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This model ordinance requires that a municipal public fund create a list of fossil fuel companies that match specific criteria and divest all direct and indirect holdings in companies on this list over a 3-year period. This model allows for temporary suspension of divestment actions when financially prudent, as well as requiring efforts to minimize the costs to public funds. This model also urges fiduciaries of local government investment pools to divest from fossil fuel companies. And this model provides a range of policy options, from urging asset managers of participant-directed retirement funds to create investment offerings that are devoid of holdings in fossil fuel companies, to reinvesting funds in socially responsible investments, to urging credit rating agencies to factor climate risks into their ratings of publicly held companies.
This ordinance establishes a land bank authority for the county. This bank uses funds collected through county revenue activities to purchase and restore blighted or foreclosed properties to usable a profitable states.This ordinance designates the manner and process by which these properties will be purchased as well as the acceptable purposes to which these lands may be restored.
An ordinance which declares intent for the Treasurer of the City of Portland to have the flexibility to make deposits in credit unions as allowed under Oregon House Bill 3700 in 2013; supports the Treasurer to amend the City\'s Investment Policy to allow for deposits in credit unions and other financial institutions up to the applicable NCUA and FDIC insurance limits and declares intent to make up to 10 initial deposits in 2012; and supports changes in the solicitation process to increase competition and consider community reinvestment criteria when selecting financial institutions which provide the City\'s financial services.
The model resolution declares the intention of a City, where the city does not currently invest in fossil fuel stocks, to refrain from investing in publicly-traded fossil fuel companies.
The resolution declares that it is the policy of the city, where the City does not invest in common stock at all, to not invest in fossil fuels and to divest from city holdings in fossil fuel companies.
The resolution declares that it is the policy of the City not to invest in fossil fuel companies, to review the city portfolio for holdings in fossil fuel companies, and to divest in holdings in fossil fuel companies.
The resolution declares that it is the policy of the City, where the city does not have control of the pension board and does not otherwise invest in fossil fuels stock, to not invest in fossil fuel companies, to review the city portfolio for holdings in fossil fuel companies, and to divest in holdings in fossil fuel companies.
This policy brief finds that climate change represents the single greatest long-term threat to our cities and citizens. Because of this threat, the brief recommends cities to not invest in companies that profit from fossil fuels, the main cause of climate change. The policy brief provides tools to begin a divestment campaign for cities with current investments in fossil fuel companies.
This report analyzes how fossil fuel reserves relate to global financial markets. The report finds that there are more fossil fuels listed on the world\'s capital markets than we can afford to burn if we are to prevent dangerous climate change. The capital markets have financed future fossil fuel development based on the false assumption that what the corporate sector have asked investors to finance can actually be burnt. The report finds that this over-capitalization of fossil fuels poses a large and currently unappreciated risk for the capital markets. In addition to providing analysis of the problem, the report provides several recommendations for resolving the capital markets\' carbon bubble.
This report examines how a low-carbon world may impact the European oil industry. The International Energy Agency\'s World Energy Outlook (2012 edition) estimated that in order to have a 50% chance of limiting the rise in global temperatures to 2\'C, only a third of current fossil fuel reserves can be burned before 2050. The balance of fossil fuels reserves would be regarded as \"unburnable.\" This report addresses the how a reduction in fossil fuel use and project development may impact fossil fuel prices and the market value of fossil fuel companies.