Boston mayor divests city from fossil fuels, tobacco products and private prison industries

Boston Statehouse

BOSTON, (WWLP) – Boston Mayor Michelle Wu has signed an ordinance designed to divest the city from fossil fuels.

The ordinance signed Monday will prohibit the use of public funds from being invested in the stocks, securities or other obligations of any company which gets more than 15% of its revenue from fossil fuels.
The ordinance also includes companies with more than 15-percent of their revenue from tobacco products or private prison industries.

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