Tag Archives: fossil fuels

Here’s why the city pension fund won’t divest from fossil fuels

This morning, the usually sleepy Seattle City Employees Retirement System (SCERS) board meeting had its moment in the spotlight, as a large number of activists and a handful of local politicians showed up to urge the board to divest the city’s pension fund from fossil fuel companies.

It was a thoughtful, respectful, and long conversation. A lot of listening happened, and much appreciation was extended in both directions for the depth of thought and energy that went into analysis and remarks. It was exactly the kind of conversation you wish every activists-meet-government conversation could be.

But at the end of the day, the city won’t divest out of fossil fuels anytime soon. Here’s why.

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