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350ma divestment meeting

by on November 18, 2013
As you may know, the 350MA Worcester chapter is hosting a Divestment Panel this Saturday, November 23, at 9:30-11:30 AM at First Unitarian Church, 90 Main Street, Worcester!  The purpose is to talk about divestment in general, and the current bill in the legislature, S. 1225, in particular, which would divest the state pension funds from fossil fuels.
We’ve been busy–working hard to line up speakers to talk about the various aspects of divestment, inviting specific Worcester-area legislators, and writing press releases so the media will be there.  And this is where YOU come in:  we’d like YOU to come and bring other constituents to learn about divestment and hopefully support the bill.
We’re inviting an investment professional, a clergyman, and a college student who are all committed to divestment as a strategy to make this planet more sustainable:  Stephanie Leighton from Trillium Investments; the Rev. Robert Bachelder, President of the Worcester Area Mission of the United Church of Christ; and Phyllis Duff, Chairperson of Students for Divestment at Worcester State University.
This bill (S. 1225) will affect all state and municipal employees with pensions in the Pension Reserves Investment Trust (PRIT), including teachers, firefighters, town clerks, police, state university faculty and staff, etc.  Who doesn’t know people who have those jobs and who are counting on their state pension fund to make successful investments?  PRIT has $1.4 BILLION invested in fossil fuels. 
So please come, spread the word, and bring your neighbor, your child’s teacher, your Aunt Jean who’s retired now but who used to work at Town Hall, you get the picture.  This bill will affect all of us.
So please come to the panel–learn about divestment and show legislators that people’s pensions and climate change are important to you.  Let’s have so many in attendance, that the media puts the issue of climate change on the front page!  And if you’re coming and you’re on Facebook, please indicate you’re coming because not everybody does FB and we want to show the legislators we have loads of people attending!
And if the bill passes in the legislature, it will make a statement to the world that Massachusetts is serious about doing something about climate change and creating a sustainable future for generations to come.  Now isn’t that a good way to spend a couple of hours next Saturday morning?
Carolyn Barthel
350MA Worcester Node Coordinator

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One Comment
  1. Love to see Massachusetts taking a stand against fossil fuels. The divestment movement is really starting to pick up. I posted an article from Forbes on the growing popularity and also on how lucrative green investing can be. Various financial giants, such as Morgan Stanley and Calvert Investments, have made it their goal to have their clients begin impact investing. Morgan Stanley proposes that by 2050, there should be about $10 trillion in green assets to invest in- there’s $6 trillion in fossil fuels now. So if we divest from fossil fuels entirely and invest in green energy, we could see a $16 trillion dollar swing in the direction of green investment allocations by 2050. Start investing in green now- it’s going to take off. Morgan Stanley, Fidelity, and Calvert have begun preparing fossil-free mutual funds for clients and achieving great financial success. Let’s get our money away from gas and oil- invest in green.

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