Help show your support for the climate by signing this letter, addressed to the Somerville Retirement Board.
On the heels of participating in the People’s Climate March in New York City, where an estimated 400,000 people – including world leaders such as United Nations Secretary-General Ban Ki-moon – demanded action on climate change, we rallied in front of Somerville City Hall on Thursday, Sept. 25.
Capitalizing on the momentum from the People’s Climate March, about 20 of our members distributed information about how the city workers’ pension fund is invested and the importance of divesting from the top 200 fossil fuel companies.
“Thursday outside City Hall was our first time reaching out to city workers–the people whose pensions would be affected by divestment. They showed great interest and were very open to discussing how the City could take a stand against the fossil fuel giants by divesting,” said another member of Fossil Free Somerville, Dave Grosser.
We also attended the meeting of the Somerville Retirement Board, at which the possibility of divestment was discussed at length.
“I was pleased to see the Somerville Retirement Board debating the merits of divesting from fossil fuel companies. Predicting future returns with certainty is impossible, but I’m confident that the board will reach the conclusion that many organizations have: in today’s financial environment investing in fossil fuel companies is too risky; divestment is the prudent financial choice,” said Seitz.
Another rally is planned for the morning of the next meeting of the Retirement Board meeting on Thursday, October 23rd. Contact us for more information!