Lowell Citizens call on the City Council to direct the City’s Retirement Board and the City Treasurer to review their investment portfolios in order to identify any holdings that include direct or indirect investments in fossil fuel companies. City Council shall call on the Retirement Board and the City Treasurer to immediately cease and adopt policies precluding any new direct investments in fossil fuel companies, or indirect investments that include holdings in fossil fuel companies; and

The citizens of Lowell calls on the City Council to advise on divestment the Massachusetts Legislature, taking the actions to support the passage of legislation to divest the State of Massachusetts Pension Reserve Investment Trust Fund from fossil fuel investments; and

The Citizens of Lowell ask that the City Administrator is directed to forward a copy of this enacted Resolution to the Massachusetts Pension Reserves Investment Management Board and the Lowell Retirement Board; to the Massachusetts Legislature: the Senate President, Speaker of the House, and the Lowell State Delegation; and the City Administrator is directed to forward a copy of this enacted Resolution to said legislators at the start of the 2015-2016 legislative session.