Broad Coalition Celebrates an end to City Profit from Suffering and Exploitation
April 6 – Portland City Council voted yesterday to end investing in all corporate securities, after broad community pressure to end investments in corporations complicit in prison expansion, the occupation of Palestine, the building of Trump’s “wall,” construction of the Dakota Access Pipeline, and climate change.
This vote supersedes Portland’s Socially Responsible Investments Committee (SRIC) process, which engaged a citizen committee to make recommendations on corporate investments based on human rights and other criteria.
The vote came at the end of an over 3-hour hearing attended by over 100 Portlanders, who unanimously spoke out against investing in corporations proven to violate human rights standards. READ MORE