St. Pete City Council furthers talk on fossil fuel divestment
St. Petersburg City Council members are considering divesting the city from fossil fuels. During a meeting Thursday, the eight-member board voted unanimously to refer to the Budget, Finance and Taxation Committee a divestment measure recommended by Mayor Rick Kriseman. The measure would affect city pensions where investments are currently placed strategically to incur the most financial benefit. City Council approval of the issue would remove fossil fuel industries from those investments. Kriseman pushed the issue as a way to encourage…