arrow30 Comments
  1. Jill MacIntyre Witt
    Dec 21 - 7:37 pm

    Thank you Mayor McGinn for taking a step forward in divestment from fossil fuels. This is a step in the right direction and hopefully Seattle will lead by example for other cities to follow.

  2. [...] An update on fossil fuel divestment A success: the mayor in the city of Seattle is divesting the city’s cash balances for daily operation ($1.4 billion) from fossil fuel companies. While the mayor does not have control of Seattle’s pension system ($1.9 billion with at least $17.6 million invested in fossil fuel companies) or employee’s investments from the city’s deferred compensation plan ($700 million), he has taken steps to hopefully have them divest from fossil fuel companies so that the city of Seattle will be completely divested from these companies. [...]

  3. Maggie Scott
    Dec 23 - 2:21 am

    Dear Mayor McGinn,

    I hear that you’ve requested that Seattle’s pension funds divest from fossil fuels. That’s great news! Thank you so much. Climate change is the most important issue of our time and not enough is being done about it. We can’t wait for the federal government to finally wake up and take action. What you did is a big step. Please encourage other cities to follow your example. Thank you!

  4. Lawrence Licklider PhD
    Dec 23 - 10:15 am

    Thank you Mayor McGinn -for mustering and demonstrating the leadership we urgently require. Thank you on behalf of our children and (hopefully) the children they bring to this world in the decades ahead.

  5. [...] is the first municipal leader to get on board with 350′s campaign. As the mayor explains on his blog, he doesn’t control the investment of pension funds, but he and his staff want to work with [...]

  6. [...] is the first municipal leader to get on board with 350′s campaign. As the mayor explains on his blog, he doesn’t control the investment of pension funds, but he and his staff want to work with the [...]

  7. [...] is the first municipal leader to get on board with 350′s campaign. As the mayor explains on his blog, he doesn’t control the investment of pension funds, but he and his staff want to work with the [...]

  8. David Perlmutter
    Dec 28 - 12:41 pm

    Dear Mayor McGinn,

    Thank you for your work in divestment from fossil fuels. This progress is most encouraging! Please continue to everything in your power to direct the Deferred Compensation Plan Committee to redirect its fossil fuel-related investments.

    Thank you

  9. Frank Turner
    Dec 28 - 2:02 pm

    What, in your opinion, constitutes a “fossil fuel”? The effort is a noble-one but one person’s definition might vary drastically from another’s. Which companies, other that Exxon and Mobil are you targeting?

    Thank you.

    Frank Turner

  10. wm vadnais
    Dec 28 - 3:26 pm

    I would like to see Seattle get a N h L team
    whish you the best in trying to bring the nhL to seattle i;am i senior citisyne

  11. [...] his recent decision to pursue divestment in fossil fuels  is exactly the kind of bold move that McGinn’s [...]

  12. [...] can move toward divestment from fossil fuel corporations. Since then, we’ve been examining the steps we must take to make divestment a reality. We will not invest our cash balances in fossil fuel companies, and we [...]

  13. Andy Brinkhaus
    Dec 29 - 1:20 am

    @Frank Turner… a fossil fuel is one that is carbon-based and usually mined out of the ground. A few that come to mind are coal, oil, natural gas and all their derivatives.

  14. [...] is the first municipal leader to get on board with 350′s campaign. As the mayor explains on his blog, he doesn’t control the investment of pension funds, but he and his staff want to work with the [...]

  15. David Sokal
    Dec 30 - 6:17 pm

    Divestment from the investor end is a good idea. In addition to the most obvious action we can take individually, (and organizations can take collectively), namely, simply not using fossil fuel power for transport, heat, etc. whenever feasible, this measure should send a strong message and have a real economic impact on fossil fuel extraction, processing and distributing companies. Someone in these comments asks for the definition of a fossil fuel. This is actually very simple. Fossil fuels are coal, oil and gas. The 2,795 gigatons of fossil fuel in the oil/coal/gas industry’s inventory that McKibben is warning us about are the greatest human released contributors to global warming/climate change. Since we don’t control releases of carbon dioxide (currently the main overall contributor to global warming) by natural events, such as volcanoes or decomposing biomass, it is logical to reduce warming resulting from extracted sources that we do control. I applaud the mayor for taking yet another courageous stance on the environment and leading the way where others have failed. As a result of reading about this action by the mayor I am reconsidering my retirement investments in traditional mutual funds that all include shares in oil, coal and gas companies. I suggest that others might do the same.

  16. Daniel Parker
    Dec 31 - 7:07 pm

    As a Seattle engineering firm focused exclusively on renewable energy projects, we applaud the Mayor’s support for divestment from fossil fuels. We have the technology to source our energy needs from renewable sources, all we need is the leadership!

  17. [...] [...]

  18. [...] deferred compensation plan; and 3) our pension system, with holdings valued at $1.9 billion, reports Seattle Mayor Mike McGinn on his official website. “The first category is the only one I control directly. City staff [...]

  19. [...] motion is broader than recent divestment plans from Seattle’s Mayor; “alignment” implies an extra step beyond divestment. Unlike Seattle, however, Reimer [...]

  20. [...] briefly on the current student-driven movement to divest from fossil fuels (which now includes cities, churches, 210+ campuses and at least one or two senators) as a good start. I’ll add that [...]

  21. [...] isn’t the first to say so. In December, Seattle mayor Mike McGinn declared that the city’s cash balances – the US$1.4 billion it uses to manage its daily operations – [...]

  22. [...] what can be a long and difficult process. Second, the promise came not from a university, but from Mike McGinn, the mayor of Seattle, making the city the first in the U.S. to embrace fossil fuel [...]

  23. [...] what can be a long and difficult process. Second, the promise came not from a university, but from Mike McGinn, the mayor of Seattle, making the city the first in the U.S. to embrace fossil fuel [...]

  24. [...] to climate change,” said Supervisor John Avalos. San Francisco now joins governments in Seattle, Ithaca, and seven other cities pushing for divestment, and if SFERS agrees to the request, it [...]

  25. [...] response to climate change,” said Supervisor John Avalos. San Francisco now joins governments in Seattle, Ithaca, and seven other cities pushing for divestment, and if SFERS agrees to the request, it [...]

  26. [...] Francisco now joins governments in Seattle, Ithaca, and seven other cities pushing for divestment, and if SFERS agrees to the request, it [...]

  27. Marcacci Communications
    May 03 - 7:06 am

    [...] response to climate change,” said Supervisor John Avalos.San Francisco now joins governments in Seattle, Ithaca, and seven other cities pushing for divestment, and if SFERS agrees to the request, it [...]

  28. [...] Councilmember Mike O’Brien who talked about how the City of Seattle became the first city to publicly commit to divestment from fossil fuel companies. It was encouraging to hear how quickly the City chose to [...]

  29. [...] scour the city’s $1.5 billion short-term investment pool for fossil fuel securities, and to eliminate them. San Francisco’s recent vote was a nonbinding resolution urging the San Francisco [...]

  30. Bentm
    Oct 10 - 9:53 am

    Terrific! Local change like this provides national leadership!
    …now let’s get the UW and others on board.

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