4d) Discussion and Possible Action Regarding a Request that the County Treasurer Plan to Divest from Royal Bank of Canada
(Sponsor: Supervisor Williams)
I am Chad Swimmer, a long-time resident of Mendocino County, educator, and County employee for AODP in the 1990s. I am writing to express my gratitude to Supervisor Williams for bring Item 4d up for discussion, and to declare total support for our County divesting from RBC and strengthening the language of the otherwise commendable investment policy to exclude corporations that profit from fossil fuels and weapons of war. We must do this and continue to clean up our portfolio. Considering our present climate emergency, we must avail ourselves of one of the only avenues open to us: directing our investment dollars to places where it does not undermine the values of our County's residents. Thank you so much, Chad Swimmer
I strongly support Supervisor Williams' proposal to divest from Royal Bank of Canada (RBC). It is indisputable that fossil fuel corporations and their financial backers bear the lion's share of the responsibility for the climate crisis that we are facing, both here in Mendocino County and across the world. And, given the Board's unanimous support for Climate Emergency Declarations over the past couple years, it is entirely inconsistent with County policy to continue to maintain investments in any business entity directly involved in fossil fuel production or that provides major financing of said activity. Let's make sure that the County's investment policy is consistent with Mendocino County values and stated policy positions. Thank you.
In 2022, Royal Bank of Canada (RBC) was the world's largest banking funder of fossil fuel companies according to environmental accountability organizations Green Peace and Stand.earth. I urge the BoS to divest its holding in RBC.
I am Chad Swimmer, a long-time resident of Mendocino County, educator, and County employee for AODP in the 1990s. I am writing to express my gratitude to Supervisor Williams for bring Item 4d up for discussion, and to declare total support for our County divesting from RBC and strengthening the language of the otherwise commendable investment policy to exclude corporations that profit from fossil fuels and weapons of war. We must do this and continue to clean up our portfolio. Considering our present climate emergency, we must avail ourselves of one of the only avenues open to us: directing our investment dollars to places where it does not undermine the values of our County's residents. Thank you so much, Chad Swimmer
Honorable members of the Board of Supervisors,
I strongly support Supervisor Williams' proposal to divest from Royal Bank of Canada (RBC). It is indisputable that fossil fuel corporations and their financial backers bear the lion's share of the responsibility for the climate crisis that we are facing, both here in Mendocino County and across the world. And, given the Board's unanimous support for Climate Emergency Declarations over the past couple years, it is entirely inconsistent with County policy to continue to maintain investments in any business entity directly involved in fossil fuel production or that provides major financing of said activity. Let's make sure that the County's investment policy is consistent with Mendocino County values and stated policy positions. Thank you.
Don Hess
Gualala
In 2022, Royal Bank of Canada (RBC) was the world's largest banking funder of fossil fuel companies according to environmental accountability organizations Green Peace and Stand.earth. I urge the BoS to divest its holding in RBC.