A month after Mayor Michael Hancock announced that the City and County of Denver planned to dump its investments in fossil fuel companies, the divestment process is finished.
In a press release issued Tuesday, April 23, climate activist group 350 Colorado, whose members have long lobbied Hancock and other officials to divest from fossil fuels, hailed the city’s decision. A spokesperson for Denver’s Department of Finance confirmed that the city’s fossil fuel investments have been sold. As of earlier this year, its various portfolios had included about $50 million in corporate bonds issued by fossil fuel giants Exxon Mobil and Chevron, though in previous years that figure had been higher.
