Washington, D.C., Announces Divestment of $6.4 Billion Pension Fund From Oil, Gas, and Coal Companies

Washington, D.C., Announces Divestment of $6.4 Billion Pension Fund From Oil, Gas, and Coal Companies l Common Dreams

June 6, 2016

Historic commitment launches the nation’s capital to the forefront of climate action

The District of Columbia government announced Monday that its $6.4 billion pension fund has fully divested from its direct investments in 200 of the world’s most polluting fossil fuel companies. In doing so, Washington, D.C. has taken a critical step toward addressing climate change, joining the more than 500 cities, philanthropic organizations, faith groups, universities, and other organizations that have divested funds worth a collective $3.4 trillion.