RSS Feeds

Activists to push DC fossil fuel investment ban

Tuesday - 11/26/2013, 4:30am  ET

The Associated Press

WASHINGTON (AP) -- Environmental activists are planning a rally in support of legislation that would ban the District of Columbia from investing in companies with large reserves of fossil fuels.

The D.C. Council will hold a hearing on the bill on Tuesday, and supporters plan to gather outside the district government building.

The bill directs the city's chief financial officer and retirement board to get rid of holdings from the 200 publicly traded companies with the greatest reserves of coal, oil and gas.

The intent of the bill is to prevent the district from investing in companies that contribute to climate change, air pollution and rising sea levels.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.