We call on the City of Cambridge Retirement System to immediately freeze any new investment in fossil fuel companies, and to divest from direct ownership and any commingled funds that include fossil fuel public equities and corporate bonds within 5 years.
Why is this important?
The global climate crisis is harming individuals, families and communities around the world -- and that includes the citizens of Cambridge, Massachusetts. The crisis was created by, and is perpetuated by, the extraction of carbon deposits and their use as fossil fuels. The fossil fuel industry is literally destroying our planet. And it is wrong for civic institutions to profit from this destruction. The City of Cambridge, by making this bold statement, can play a true leadership role in turning our state and our nation away from global catastrophe and toward a just, healthy, and sustainable future.