Fresh from their victory getting the Seattle City Council to dump Wells Fargo for lending to the Dakota Access Pipeline developers, climate activists now want to go a step further and get the city to divest employee pension funds from fossil-fuel investments.
“Wells Fargo is not enough,” City Councilmember Kshama Sawant said at a community meeting Monday night at Washington Hall, organized to discuss next steps in the fight against the Dakota Access Pipeline. “The city pension fund has $2.5 billion in fossil fuels (investments) and we are demanding that we divest from that. This is the next step. We have to strike while the iron is hot!”