The Indivisible Berkeley Economic Justice Team had an impressive presence at the Berkeley City Council meeting Tuesday night, April 4, 2017, asking the City Council to divest from Wells Fargo Bank because of their banking and investment practices, particularly in regard to funding the Dakota Access Pipeline.
Four of our Economic Justice Team were picked to speak in the public comment lottery. We had 11"X17" black and white signs that we and audience members held up.
Our "asks" for the Mayor and City Council:
- Do Not renew the Wells Fargo financial services contract expiring in May for three years. Instead renew for one year while vetting and selecting financial services providers who are socially and environmentally responsible, according to the City of Berkeley's responsible banking criteria.
- Transfer financial services that can easily be severed from the present Wells Fargo contract to socially and environmentally responsible companies now.
- Pass the "Divest From Wells Fargo Resolution" on April 25.
IB Economic Justice members are working with the Mayor's Task Force on Responsible Banking to craft a good Resolution for passage by the City Council on April 25. The Task Force includes members of the City Council, members of the Peace and Justice Commission, and other fine citizens.