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Alameda County Approves Policy to Guide Ethical Investment of Public Funds
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KQED News
“While there’s nothing wrong with ethical investment, that’s not really what this policy is about.
By looking around this room, people talking about it are talking only about Israel,” said Karen Stiller, senior director of Jewish affairs for JCRC.
“I support the policy as is, I think this is not the right decision,” Fortunato Bas said, eliciting cheers from the audience.
I just have a problem earmarking certain industries.”Miley said he’d prefer leaving discretion to divest from specific companies to the county treasurer-tax collector.
Board President David Haubert also questioned whether the policy would be too restrictive, leaving the county without enough investment options or resulting in lower returns on its investments.