portland independent media center  
images audio video
feature article reposts portland metro

corporate dominance | economic justice

Portland Is First U.S. City to Divest Funds from Walmart

REPOST: On Thursday, May 15, the city of Portland got rid of $9 million, or 25 percent, of its investments in Walmart. This marks the beginning of a divestment program that will purge Portland's investment portfolio of $36 million in Walmart bonds by 2016, according to a press release. The divestment plan is part of the city's responsible investment initiative, introduced by City Commissioner Steve Novick, and adopted in October 2013. The initiative also prohibits the city from purchasing Walmart bonds in the future.
read more>>