|fossil fuel divestment||<– Date –> <– Thread –>|
|From: hrb885 (hrb885gmail.com)|
|Date: Wed, 19 Oct 2016 13:26:33 -0700 (PDT)|
I am writing to inquire whether any cohousing communities have chosen to divest any of their operating or reserve monies from funds or banks that may support fossil fuel investments. At Eastern Village Cohousing in Maryland we recently made such a decision and as a result are in the processing of transferring the proceedings of our CD’s as they come due from Ameriprise to the Self Help credit union in North Carolina. We heard about Self Help from one of our members as well as from the Green America web site. We even have been able to receive a higher interest rate through Self Help than we would have had we renewed with Ameriprise. Our community spent several months vigorously discussing this move before a decision was made at our Membership Circle meeting in August to go ahead with the divestment. I am not aware (at least based on a google search) of any cohousing or condo association in the country that has taken such an action. We thus hope that our action can be a catalyst to encourage other communities to divest from fossil fuels as a means of raising consciousness about the need for urgent action on climate change. We are also thinking of proposing a panel on climate change for the 2017 national conference. If other communities have taken action on climate change and would like to share what was done perhaps they can contact us to explore participating in such a panel next year. In addition we will be exploring what else we as a community can do to collectively fight climate change, so any ideas would be welcome. Herb Simmens
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