City of Eugene Divestment

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City of Eugene Divestment by Mind Map: City of Eugene Divestment

1. Overview

1.1. Propose City of Eugene adopts a policy for responsible investments

1.2. National movement for institutions to divest from fossil fuels

1.3. At end, actions City of Eugene can take

2. Context/Background

2.1. Eugene's history/reputation as an environmentally conscious city

2.2. Community Climate and Energy Action Plan

2.2.1. http://www.eugene-or.gov/archives/48/00_CEAP_FINAL_10%2018%2010_no%20appendices.pdf

2.3. "Sustainable Community"

2.3.1. A Sustainable Community is one that meets its present environmental, economic, and social needs without compromising the ability of future generations to meet their own needs.

2.4. National Movement - Why

2.4.1. http://www.wearepowershift.org/campaigns/divestcoal

3. Info/Body

3.1. City Council Vision

3.1.1. be responsible stewards of our physical assets and natural resources.....

3.1.2. http://www.eugene-or.gov/DocumentCenter/Home/View/4808

3.1.3. Sustainable Development - decision-making that weighs economic, social equity and environmental (triple bottom line) effects

3.2. City of Eugene - History w/ fossil fuels/similar

3.2.1. No Coal Eugene

3.2.2. Ban the Bag

3.2.3. Others..?

3.3. City of Eugene Investments

3.3.1. "Eugene’s municipal government has between $150 million to $200 million invested with banks and other entities"

3.3.1.1. http://projects.registerguard.com/web/updates/27363540-55/district-wenatchee-debt-eugene-investors.html.csp

3.4. Responsible Investments - why/how

3.5. National Movement - Who

3.5.1. Austin

3.5.1.1. http://www.dailykos.com/story/2012/03/02/1070442/-HUGE-OCCUPY-WIN-City-of-Austin-May-Divest-from-BoA-Move-All-Funds-to-Locally-owned-Credit-Unions

3.6. Existing Policies

3.6.1. Policy E.3

3.6.1.1. Preservation of capital

3.6.1.2. Maintenance of a liquid position

3.6.1.3. Maximum yield

3.6.1.4. http://www.eugene-or.gov/DocumentCenter/Home/View/4398

3.6.2. Investment Advisory Board

3.6.2.1. meet semi-annually to review the City's investment policies, performance and plan

3.6.2.2. http://ceapps.eugene-or.gov/portal/server.pt/gateway/PTARGS_0_0_5848_319_0_43/http%3B/cesrvlf02/CMOWeblink/0/doc/795655/Page1.aspx

4. Findings/Conclusions

4.1. The ask

4.1.1. http://www.wearepowershift.org/campaigns/divestcoal/filthy-15

4.1.2. DIVEST from direct ownership of public equities and corporate bonds in the Filthy 15,

4.1.3. DIVEST from commingled funds that have equity holdings and corporate bond holdings in the Filthy 15, and

4.1.4. REINVEST responsibly in coal-free investments and on-campus initiatives.