Portland Creates Socially Responsible Investment Committee
Portland City Council voted Wednesday to establish a new committee to make sure the city’s investments are socially responsible.
The committee will consider a half-dozen issues when making that decision. They include labor practices, environmental impacts, health impacts (for example, a weapons producer might have harmful effects on health) corporate ethics, extreme tax avoidance, and disruptive market dominance…
There is concern that limiting the city’s investment choices could reduce earnings on those sums.