Aspen City Council on Monday agreed to divest the municipal government’s holdings in corporations that finance fossil-fuel development.
The move was at the urging of environmental group 350 Roaring Fork, which has specifically asked council to divest from Wells Fargo and Berkshire Hathaway through a petition
submitted to the city prior to Monday’s work session.
The city’s ownership of corporate bonds in those two companies “is inconsistent with the city’s environmental values, not to mention its laudable efforts on climate change, to be invested in two institutions propping up and profiting from climate destruction,” according to the petition signed by 172 area residents and submitted by Will Hodges, coordinator for 350 Roaring Fork