Boston mayor divests vulnerable city from fossil fuels

Michelle Wu pauses while acknowledging a standing ovation after she was sworn-in as Boston Mayor during a ceremony at Boston City Hall, Tuesday, Nov. 16, 2021, in Boston. The election of Wu marked the first time that Boston voters elected a woman, or a person of color, to lead the city.

BOSTON (AP) — Boston Mayor Michelle Wu signed an ordinance Monday designed to divest the city from fossil fuels.

The ordinance will prohibit the use of public funds from being invested in the stocks, securities or other obligations of any company that derives more than 15% of its revenue from fossil fuels.

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