PORTLAND, Ore. (AP) — Immigrant rights activists in Oregon are asking the city of Portland to stop buying bonds from Wells Fargo, which has a mutual fund with shares in a company that operates immigration detention centers.
The action is part of a nationwide campaign to get investors to divest from private prison companies. Most recently, the campaign has focused on local institutions such as cities, counties and universities.
Portland holds $40 million in Wells Fargo bonds. The city is working on criteria for socially responsible investment policies.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.