TheCambridge Record
Agenda ItemsPolicy Orders

POR 2013-110

Asks the City Manager to urge the Cambridge Retirement Board of Trustees to cease investments in fossil fuel companies, review Cambridge's investment portfolio, contact fund managers for any fossil fuel company investments, prepare a report which explains options for investing in the pension fund in a way that maximizes positive impact of the fund, establish investment policies which support local projects and jobs, create a timeline for implementation of findings and release annual updates

What happened

The clerk's record shows no vote or disposition against this item. Some are received and filed without one, and a roundtable takes no votes at all. If the city's record shows otherwise, that is exactly what an audit should catch.