Category: Sections

Portland Committee Recommends City Divestment from Wells Fargo Due to For-Profit Prison Link

Story by Pete Shaw After several months of deliberation and community input,  the Socially Responsible Investments Committee (SRIC) voted unanimously to recommend that the City of Portland divest its holdings in Wells Fargo & Company due to the company’s financing of for-profit prisons and “morally bankrupt” lending practices. The City currently holds $40 million in…