The Chicago City Council has voted to pull investments in fossil fuel companies, with $70 million in bonds already removed from the portfolio in the last 18 months through maturities or sales. 

“When I first took office, I chose to divest from fossil fuels to protect the health of our residents, our city and our planet,” said Chicago Treasurer Melissa Conyears-Ervin when the ordinance was first introduced. “In passing this ordinance, we will be sending a message that Chicago is permanently leaving dirty energy in the past and welcoming a clean energy future for generations to come.” 

Moving forward, the treasurer’s office plans to evaluate investment decisions based on environmental, social and governance factors, according to Chicago’s Section 2-32-515 of the...