District of Columbia Retirement Board, Washington, has fully divested from direct investments in fossil fuels, city government officials announced.
The $6.4 billion pension fund divested from 200 fossil-fuel companies, following a three-year campaign by DC Divest, a citizens’ group promoting divestment in Washington.
On Tuesday, the City Council unanimously approved a resolution commending the retirement board’s actions. The District of Columbia has adopted the ambitious goal of reducing greenhouse gas emissions by 80% by 2050.
Further details on the investments were not available by press time. DCRB spokeswoman Deborah Reaves said that a fact sheet will be posted on the website by the end of the week.