KDKA News, June 5, 2019.
PITTSBURGH (KDKA) — Mayor Bill Peduto wants money from fossil fuels and firearms to be kept out of the city’s pension funds.
Cities, states and universities across the country are considering similar plans to take pension money out of fossil fuels, out of guns, out of for-profit prisons.
The mayor’s proposal is part of his push for a greener city, but it’s also what he calls a moral issue.
“If we put money in, you need to make our society better and the future better — not take away from it,” Peduto’s chief of staff, Dan Gilman, told KDKA.
Mayor Peduto wrote a letter to the pension board detailing his proposal. The mayor’s letter reads, in part:
“The employees of the City of Pittsburgh and residents we serve are being negatively impacted by the stressors of climate change, senseless acts of violence and an incarceration system that is not enabling inequality. These are areas our financial means should not perpetuate.”
photo credit: clip from KDKA video.