Portland’s Going to Cease Corporate Investments—For Four Months Or So – Blogtown – Portland Mercury

Source: Portland’s Going to Cease Corporate Investments—For Four Months Or So – Blogtown – Portland Mercury

decision neatly allowed the city council to sidestep singling out companies like Wells Fargo and Caterpillar, which community members have pressed especially hard be put on the city’s “Do Not Buy” list.

Those two companies were among a list of nine corporations that a city committee recommended Portland officials rule out for tens of millions in city investments. Others included Walmart, Credit Suisse, and JP Morgan Chase. Last month, the Mercury examined the push to divest from Wells Fargo because of its role in funding private prison companies.

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