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From YouTube: Fossil Fuel Ordinance - 11-22-21
Description
Mayor Michelle Wu signs an ordinance prohibiting use of public funds from being invested in the stocks, securities, or other obligations of any company which derives more than 15 percent of its revenue from fossil fuels, tobacco products, or carceral facilities.
A
This
is
my
first
official
ordinance
signing
as
mayor
and
it's
just
so
meaningful
to
be
standing
here
with
council
lady
edwards
councilor
matt
o'malley
the
partners
on
this
ordinance
that
we
had
shepherded
through
together
for
a
very
long
time
on
the
city
council.
It
was
in
2014
in
my
first
year
on
the
council
that
councilor
o'malley
and
I
first
took
up
the
issue
of
really
trying
to
push
for
boston,
to
speak
up,
to
stand
out
to
take
action
when
it
comes
to
divesting
from
harmful
industries,
divesting
from
fossil
fuels
and
reinvesting
into
our
own
communities.
A
We
passed
a
resolution,
then
we
joined
efforts
at
the
state
and
we
had
a
vision
of
one
day.
Moving
towards
more
concrete
action
at
the
local
level,
enter
councilor,
edwards,
and
so
many
of
our
incredible
advocates
who
are
here
today
and
organizations
who
have
been
partners
in
this
fight.
Chief
mariama,
whitehammond,
senator
markey,
so
many
others
who
have
really
pushed
to
make
sure
that
we
could
take
clear,
decisive
action
to
the
greatest
of
our
ability
at
the
local
level.
A
And
so
there
are
many
folks
who
are
going
to
be
speaking
today.
Who
I'm
excited
to
announce,
of
course,
we're
joined
by
our
senator
and
the
author
of
the
federal
green
new
deal?
We
are
joined
by
our
chief
who
will
speak
after
him.
We
will
hear
from
reverend
vernon
walker
from
the
sierra
club
and
then
we
will
close
out
the
speaking
program
with
someone
who
is
one
of
my
heroes,
bill
mckibben,
who
is
in
town
to
help
us
celebrate
this
today.
A
I
wanted
just
to
quickly
also
acknowledge
many
of
the
organizations
who
are
represented
here.
By
no
means
is
this
an
exhaustive
or
comprehensive
list,
but
I
do
want
to
shout
out
350
mass
climate
finance
action,
boston,
clean
energy
coalition,
sierra
club,
the
environmental
league
of
massachusetts
advocates
and
and.
A
A
My
older
son
blaise
was
born
in
the
first
year
that
I
served
in
this
building
and
the
first
year
that
we
started
to
hear
it
was
the
hottest
year
ever
on
record.
Since
then,
his
six
years
alive
on
this
planet
have
each
been
our
hottest
on
record
and
we're
moving
quickly
to
make
sure
that
boston
will
set
the
tone
for
what's
possible
for
that
brightest
greenest
future.
C
Well,
this
is
a
wonderful
day,
it's
a
historic
day
and
I
couldn't
think
of
a
better
way
to
celebrate
the
first
ordinance
of
mayor
wu,
but
also
the
first
major
step
for
boston
to
walk
into
a
green
future
for
green
jobs
for
green
investment.
This
is
the
way
to
do
it
and
it's
so
wonderful
to
see
our
city
leading
the
way.
C
The
fact
the
matter
is
a
budget
is
a
statement
of
values
and
how
we
choose
to
talk
and
walk
need
to
be
consistent.
As
a
city,
we
have
talked
about
being
greener,
we
have
talked
about
being
cleaner
but
where
our
money
was
being
invested,
didn't
line
up
with
that
today,
the
two
are
walking
together
our
money,
our
values.
We
are
making
sure
that
we
are
truly
investing
in
the
most
fiscally
responsible
way,
but
also
in
a
way
that
provides
for
a
future
for
our
children's
children's
children.
C
We
have
to
leave
the
city
a
better
place.
We
have
to
be
stronger
as
a
city,
and
this
is
the
best
way
to
do
this.
As
many
of
you
have
already
read
the
details
upon
signature,
this
is
moving
65
million
dollars.
65
million
dollars
immediately
away
from
fossil
fuels
and
preventing
any
more
investments
going
forward.
C
This
this
is
a
part
of
our
value
system
and
part
of
how
we've
led
on
so
many
different
ways,
whether
it
was
divesting
from
south
africa.
We
were
divesting
from
tobacco
and
today
we're
now
divesting
from
fossil
fuels.
So
I
have
to
say
honestly
from
the
bottom
of
my
heart.
Thank
you,
mayor
wu
for
your
leadership.
Thank
you,
council
o'malley,
for
your
leadership.
It
took
many
cracks
at
this
glass
ceiling
and
it
took
years
of
that
from
many
of
these
advocates
for
generations.
C
Thinking
about
this
before
we
even
knew
the
word
divestment.
They
were
there.
They
were
talking
about
this.
There
are
so
many
people
to
thank,
and
many
of
them
have
been
recognized,
but
I
do
have
to
recognize
some
individuals
who
are
particular
in
drafting
this
ordinance.
My
former
policy
director
he
now
is
chief
of
staff
for
boston
housing
authority,
joel
wool.
I
want
to
recognize
him.
C
He
also
worked
at
clean
water,
clean
water
action
fund,
so
I
just
wanted
to
acknowledge
that
organization.
I
also
want
to
acknowledge
green
roots.
It's
an
organization
in
east
boston
and,
let's
be
very
clear.
This
is
part
of
the
very
mandate
that
we
received
on
november,
2nd
when
well
over
90
000
people
voted
against
fossil
fuel
infrastructure
in
east
boston
and
against
the
substation.
So
I
want
to
acknowledge
the
grassroots
movement
that
brought
that
question
about
as
well.
C
They
came
back
with
edits
for
us
to
make
sure
that
this
was
the
most
fiscally
sound
way
to
move
our
money
from
fossil
fuels.
I
want
to
also
think
it
was
dr
richard
clapp,
emily
norton
from
charles
river
watershed.
Bob
massey,
who
also
came
and
testified,
of
course,
khan
on
from
east
boston
as
well
again,
there's
so
many
people
here
to
thank
for
everything
that
they
did,
but
I
am
just
truly
honored
to
have
and
be
here
in
front
of
our
chief
mariama
white,
hammond
and,
of
course,
senator
markey.
C
D
We
are
acutely
aware
this
is
an
important
day
and,
as
has
been
mentioned
by
the
mayor,
we
began
this
work
seven
years
ago
with
a
resolution
which
I
can
now
admit
is
my
time
on
the
council's
coming
up.
Isn't
it
exactly
the
most
binding
piece
of
legislation,
but
even
that
was
difficult
to
get
past,
believe
it
or
not,
and
we've
seen
a
sea
change.
D
I
think
in
the
climate
movement
and
on
the
importance
of
climate
policy
and
to
now
have
a
mayor
who
not
only
understands
that
and
values
that
but
is
going
to
lead
with
that,
always
looking
through
the
lens
of
equity
of
justice
and
environmentalism.
This
is
a
really
big
day
for
this
city
and
mark
my
words.
Other
cities
will
follow
suit.
D
You
know,
I've
often
said
on
the
council
floor
and
my
colleagues
could
could
repeat
at
verbatim
that
every
fiscal
conservative
ought
to
be
an
environmentalist,
because
the
fact
of
the
matter
is
not
only
what
we
are
doing
today
pioneered
by
people
like
bill
mckibben
like
ed
markey
like
so
many
other
activists
who
are
up
here
today,
have
been
doing
this
work
for
so
long
bob
massey
as
well.
Not
only
what
we're
doing
is
right
for
the
planet,
but
it's
also
right
for
the
pensioners
of
the
city
of
boston.
D
It's
right
for
the
taxpayers
of
the
city
of
boston,
because
the
dow
jones
sustainability
index
regularly
outperforms
the
dow
jones
industrial
average
every
day.
So
not
only
are
we
moving
our
money
from
a
bad
investment,
morally
bad
and
morally
wrong,
but
we're
going
to
do
something
that
generates
better
revenue
for
the
city,
for
the
taxpayers
of
the
city
of
boston.
D
A
E
E
E
E
Boston
is
at
the
center
of
this
dangerous
science
experiment
which
is
taking
place
on
on
this
planet
with
the
fossil
fuel
companies
using
us
as
the
experiment.
What
the
mayor
is
signing
today
is
a
declaration
of
independence
from
the
oil,
gas
and
coal
industries.
It
started
here
at
the
old,
not
church,
with
paul
revere.
E
So
these
are
the
climate,
paul
reveres,
who
are
standing
up
and
saying
that
that
boston
is
going
to
be
the
leader
and
the
reality
is
that
there
are
going
to
be
ultimately
trillions
of
dollars
of
stranded
assets
for
the
oil,
gas
and
coal
industry
as
we
move
to
an
electric
car
future.
As
we
move
to
a
wind
and
solar
and
battery
storage
future,
we
are
making
the
correct
investment
decision
for
our
country,
because
that
energy
source,
the
fossil
fuel
industry,
is
the
technology
of
the
past.
E
A
B
Thank
you,
mayor
wu
and
senator
markey
and
councillors,
edwards
and
o'malley,
and
I
there
are
so
many
people
that
I
know
up
here.
So
the
way
we
do
it
in
church
is,
we
say,
protocol
having
been
established,
which
means
that
we
have
called
out
named
so
many
people
who
be
who
deserve
to
be
lifted
up
and
many
who
are
not
here.
B
Case
studies
from
other
municipalities
show
that
investing
in
efficient
energy
sources
rather
than
fossil
fuels,
is
more
profitable
and
supports
our
collective
bottom
line.
These
are
all
the
things
that
mayor
wu
when
she
was
counselor
who
knew
that
council
o'malley
and
council
edwards,
but
we
are
finally
getting
to
a
day
where
these
values
and
these
possibilities
are
manifesting,
and
we
also
stand
in
firm
belief
that
there
should
never
be
a
profit
motive
to
lock
up
more
people
or
to
separate
families
unjustly.
B
B
Doing
what
I
could
do
in
my
small
way,
and
so
I
was
beaming
with
pride
when
I
was
selected
a
year
later
to
sing
as
part
of
the
children's
choir
that
welcomed
nelson
mandela.
Here
to
boston
through
that
movement,
I
learned
the
importance
of
economic
activism.
Like
the
kind
we
celebrate
today
at
every
opportunity
from
our
household
budget
to
our
city
treasury.
B
I'd
like
to
share
my
deepest
gratitude
for
everyone
who's
here
today,
but
for
also
all
the
people
who
have
passed
on
whenever
I
wear
these
earrings,
I
mean
that
I've
begun
the
morning.
Thinking
about
the
ancestors
and
many
of
the
people
I
met
in
that
original
south
africa
divestment
movement
have
gone
on,
but
I'm
really
thankful
for
what
they
taught
me
and
the
movement
that
they've
sparked.
I'm
thankful
for
young
people
at
universities
across
this
nation
who
kept
this
up
when
other
people
said
they
were
crazy,
and
I'm
thankful
that
now
we
stand
here.
B
A
F
Good
morning,
everyone
we
are
gathered
here
today
for
this
momentous
occasion
and
we
are
so
glad
about
it
so
good
to
be
with
so
many
activists,
some
of
our
wonderful
elected
officials,
our
new
mayor,
to
send
a
message
to
the
nation
that
we
need
to
transition
off
of
fossil
fuels,
coal
and
gas.
We
cannot
wait.
Change
cannot
wait.
F
We
are
the
change
that
we
seek,
so
I'm
so
glad
that
by
the
signing
of
this
ordinance,
the
nation
that
the
message
will
go
out
to
the
nation
into
the
world
that
we
ought
to
take
this
climate
crisis
serious,
because
we
know
that
is
dangerous.
It's
bold
and
it's
the
greatest
existential
threat
to
our
human
existence.
F
F
F
Our
new
mayor,
michelle
wu-
and
we
are
so
glad
that
we
have
activists
bold
and
progressive
leadership
in
the
city
and
as
this
audience
becomes
signed,
the
nation
is
watching
the
world
is
watching
and
let
us
band
together,
and
we
send
this
message
that
we
are
stronger
together
than
we
are
apart
and
it's
time
to
interlock,
to
say
no
to
the
fossil
fuel
companies
and
yes
to
a
clean
future.
Yes
to
a
green
new
deal,
yes
to
sustainable
communities
and
living.
Thank
you
so
much.
G
Well,
mayor
wu,
thank
you
so
much
for
this
day
now,
I'm
the
ringer
here,
because
I
didn't
wake
up
in
boston.
I
woke
up
in
the
green
mountains
of
vermont,
where
I
live
and,
as
I
drove
down
today
with
my
colleague,
jamie
hen,
who
helped
start
all
this
divestment
work
a
decade
ago.
I
was
thinking
about
how
much
I
love
this
city
and
about
all
the
things
that
one
associates
when
one
thinks
of
green
and
boston,
there's
that
large
wall
in
left
field,
there's
that
leprechaun
on
the
center
of
the
parquet
at
the
garden.
G
And,
of
course,
of
course,
it's
responsible
to
the
green
that
we
all
have
to
care
about
when
we're
in
government
and
politics
and
anything
else.
This
is
a
good
way
to
make
sure
that
the
taxpayers
of
boston
don't
waste
any
more
money
trying
to
bankroll
the
rogue
industry
that
has
given
us
the
climate
crisis
we're
in,
but
it's
also
so
remarkable
just
to
see
this
statement
being
made,
and
so
one
looks
backward
and
forward,
one
looks
backward
as
reverend
white
hammond
said
to
people
who
came
before
us
when
we
started
this
divestment
campaign.
G
The
very
first
person
we
called
was
desmond
tutu
in
south
africa,
because
we
knew
the
work
that
he
had
done
to
make
a
divestment
at
the
center
of
the
anti-apartheid
campaign,
and
he
said
yes,
climate
change
is
the
human
rights
question
of
our
time.
The
way
that
apartheid
was
of
an
earlier
generation.
Please
take
this
and
run
with
it,
and
people
did
run
with
it.
So
many
of
them
here
around
boston.
G
One
group
of
people
who
should
just
be
in
our
minds
are
the
college
students
who,
for
two
three
four
generations
now
of
college
students
at
umass
boston
at
leslie,
at
bc,
at
bu,
at
harvard
at
mit,
at
place
after
place
have
made
this
case
over
and
over
and
over
again,
and
their
voices
too,
are
really
resounding
here.
Today
we
look
to
the
past,
but
we
also
look
to
the
future.
This
is
an
important
moment
because
it
builds
huge
momentum.
G
G
But
the
signal
goes
out
all
over
the
world.
I've
just
come
back
from
glasgow.
It
was
not
a
particularly
enobling
couple
of
weeks,
but
one
of
the
things
that
clearly
was
working
was
this
movement
to
move
money
away
from
the
companies
that
have
spent
three
decades
lying
about
the
climate
crisis
and
that
now
are
doing
everything
they
can
to
delay
action,
we're
at
40
trillion
dollars
now
in
portfolios
and
investment
and
endowments
that
have
divested
from
fossil
fuel,
and
it
is
beginning
to
move
this
vast
system
in
big
ways.
G
You
are
an
exceptional
part
of
this
work.
We
we
know
that
you
have
many
many
other
things
to
do
here
in
boston
in
the
next
few
years.
We
know
that
this
city
will
be
transformed.
The
way
that
mayor
hidalgo
has
transformed
paris
in
the
last
few
years,
the
way
that
other
great
cities-
but
this
is
a
wonderful
wonderful
place
to
start
to
stand
up
to
power
and
say
no
more
time
now
for
real
change
before
it
gets
any
later
than
it
already
is.
Thank
you
so
much
marawoo.