10/20 6pm Support Corvallis City Council Resolution on Ethical Investment!

Please join us on Monday, October 20 to call on the Corvallis City Council to pass A Resolution Prohibiting Investment in Genocide, Apartheid, Illegal Occupation, Mass Deportation, and Mass Incarceration!

What: Corvallis City Council public hearing on the above resolution
When: Monday, October 20 at 6:00pm
Where: Corvallis Downtown Fire Station, 400 NW Harrison Blvd, Corvallis, OR 97330

In addition to showing up at the hearing in support of the resolution, please scan the QR code in the flyer to submit comments to Corvallis City Council in support of the resolution! You can also directly email [email protected] to show your support!

A RESOLUTION  PROHIBITING  INVESTMENT  IN GENOCIDE,  APARTHEID,  ILLEGAL OCCUPATION,     MASS DEPORTATION,  AND  MASS INCARCERATION

A resolution    submitted   by Councilor     

WHEREAS,  the  City  of Corvallis   has adopted   Resolution   2022-49,  thus  committing  to support  “the  redirection    of institutions   and  resources   of our nations   from  their  present dedication  to war,  tow a rd the fostering  of peace,  justice,   and  a healthy,   sustainable environment  for our earth  and  its inhabitants;”   and

WHEREAS,  the  City  of Corvallis   in Resolution   2022-49  commits  to avoid  investment    in military   contractors,  munitions  and  nuclear  weapons  manufacturers;   and

WHEREAS,  the  City  of Corvallis   does  not want  to support companies  that  benefit  from  and contribute  to genocide,   apartheid,    illegal  occupation,   mass  incarceration,  or mass deportation;  and

WHEREAS,  the American    Friends  Service  Committee  (AFSC) maintains  a database   of such companies,  which   can  be accessed   at https://investigate.info;     and

WHEREAS  the  City of Corvallis   FY 2025-2029  Strategic   Plan prioritizes   actions   which “strengthen    public   trust  by providing   a  respectful   and transparent  process”   and  “support the  social  and  emotional  well-being  of residents.”

NOW,  THEREFORE,  THE CITY COUNCIL   OF THE CITY OF CORVALLIS  RESOLVES to continue  to set a  progressive   standard   for  responsible    ethical   investing   by avoiding investment,    to the  best  of its ability,   in companies  which   are directly,   consistently,  and knowingly   involved  in such  human   rights  violations  as genocide,   apartheid,    and  illegal occupation,  as well  as other  violations  of international   human   rights  law,  including  war crimes,   ethnic   cleansing,    mass  incarceration,     and  mass  deportations;  and

BE IT FURTHER RESOLVED that,  to the  best  of its ability,   the City shall  not invest  its non• pool  public   funds   in debts  or bonds  issued  by companies  which   are directly,   consistently, and  knowingly   involved  in such  violations  of human   rights;  and

BE IT FURTHER RESOLVED that  the City  of Corvallis   may  use resources   such  as the AFSC database,    and/or  the  best tools  and techniques    available,   to manage   its investments    in accordance    with  this  resolution;    and

BE IT FURTHER RESOLVED that  the City  of Corvallis   will  work  with  its financial  advisors   to manage   its investments    in order to  abide  by this  resolution    in its entirety,   in addition  to the guidelines   in Attachment   H, Section   4 of Financial   Policy#   F1 .01, describing  the integration

of Environmental,   Social,   and  Governance   risk factors   into  the  investment    decision-making framework;   and

BE IT FURTHER RESOLVED that  the City  of Corvallis   aspires  to make  investments    that prioritize   the  health,   safety,  and well-being  of the citizens   of Corvallis,   the citizens   of our shared  world,   and future  generations    as well.

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Andrew B