Boston to sell off stocks in fossil-fuel, tobacco companies by 2026

Mayor Wu contiguous signed an ordinance - which she helped draught arsenic a metropolis councilor - to person the metropolis merchantability disconnected immoderate securities it holds successful companies that marque astatine slightest 15% of their gross from fossil fuels, baccy oregon backstage prisons.

Wu and outgoing District 6 City Councilor Matt O'Malley archetypal began pushing for specified divestment successful 2014. The City Council approved the connection past week, calling for metropolis wealth managers to merchantability disconnected immoderate specified securities by the extremity of 2025.

In a statement, Wu said:

Divesting from harmful industries to put successful sustainable and steadfast jobs is not lone the pathway to a greenish and resilient future; it’s besides the astir liable stewardship of payer dollars.