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March 10, 2022
Divestment Ordinance Day of Action on March 16th
Fellow Climate Activists
On February 23rd 2022, the Chicago City Council introduced an ordinance to have the City Treasurer’s Office fully divest the city from fossil fuel assets!
The Fossil Fuel Divestment Ordinance (02022-672)is scheduled for a vote on Monday, March 21st in the Joint Finance and Environment committee.
If the ordinance is passed out of committee, the full city council could vote on passage during the Chicago City Council meeting on March 23rd.
Let’s keep the pressure on!
You can take action by calling, emailing or tweeting your Alderperson on March 16th!
Or do all three!
Here is our toolkit!
Here are links to a,
Help push the City of Chicago to adopt an ordinance written by 350 Chicago in collaboration with the City Treasurer’s Office!
Here is the link to look up your Alderperson
Background:
The ordinance requires the City to immediately freeze any new investments in the top fossil fuel companies* and divest from direct ownership of any commingled funds that include fossil fuel public equities and corporate bonds within 5 years.
The ordinance was introduced into the city council by Mayor Lori Lightfoot. 49th Ward Aldermen Maria Hadden, 32nd Ward Alderman Scott Waguespack, 12th Ward Alderman George A. Cardenas and 1st Ward Alderman Daniel La Spata are the sponsors of the ordinance. Please contact your alder person and ask them to vote for the Divestment Ordinance.
Let’s make sure they move forward with full divestment!
Make an impact today!
Best regards,
350 Chicago Divestment Team
*The City will actually be excluding the top 225 fossil fuel companies identified as holding fossil fuel assets.
