huntington beach banner
Share to Facebook Share to Twitter Bookmark and Share
File #: 21-827    Version: 1
Type: Councilmember Items Status: Passed
File created: 10/27/2021 In control: City Council/Public Financing Authority
On agenda: 11/2/2021 Final action: 11/2/2021
Title: Submitted by Councilmember Kalmick and Councilmember Moser - Divest Corporate Bond Holdings of Fossil Fuel Corporations
Attachments: 1. 2021-11-02 - Kalmick-Moser Divest of Fossil Fuel Holdings, 2. Sup Com - Backstrom 11/2, 3. Sup Com 11/2

title

Submitted by Councilmember Kalmick and Councilmember Moser - Divest Corporate Bond Holdings of Fossil Fuel Corporations

recommendation

Direct the City Manager and City Treasurer to develop a plan to divest our holdings in Chevron Corporate Bonds and reinvest the funds in an alternate fund in a manner that will not negatively affect the City’s return on investment.