FEB 24, 2022
A group of aldermen are proposing an ordinance that would prohibit the city from investing most of its assets from fossil fuel companies. [Maxim Tolchinskiy on Unsplash]
Chicago Treasurer Melissa Conyears-Ervin is joining a handful of aldermen to introduce a City Council ordinance on Wednesday designed to forbid the city from investing approximately $6.7 billion in assets with a list of major fossil fuel companies.
The measure was among dozens of new ordinances and resolutions introduced to the council this week, including a new plan to give the City Council independent legal representation, a call for the city to consider loosening COVID-19 rules for people who have already been infected and an agreement advancing a plan to open west access to O’Hare Airport.
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