Durkan, Mosqueda urge city employee retirement system to divest from fossil fuels

Yesterday both Mayor Durkan and City Councilmember Mosqueda sent letters to the Seattle City Employees Retirement System (aka SCERS) urging it to divest the pension fund from fossil-fuel investments. Three years ago when then-Councilmember Mike O’Brien, Councilmember Lisa Herbold, and former Mayor Mike McGinn tried the same thing, the request was met with sympathy but was still refused. This time it’s likely to get the same reply — but that doesn’t means that SCERS is ignoring climate change.

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