Washington State Sells $62M Caterpillar Bonds
Seattle News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Washington State Treasurer Sells $62M in Caterpillar Bonds: A Financial Decision, Not Political
Washington states treasurer office recently sold $62 million worth of Caterpillar bonds, citing financial reasons rather than political pressure. The decision was based on red flags identified during a review, similar to divestments by Norway, the Netherlands, and Alameda County. Advocates for divestment from companies linked to Israels actions in Gaza and the West Bank see this as progress in their campaign. The sales were made in stages, with the first $20 million offloaded in November and the rest in December following an environmental, social, and governance check. Caterpillar maintains it cannot control how its equipment is used, and no full ban on such investments is in place. Advocates hope the states larger investment board will follow suit, shifting public funds away from controversial holdings.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/e1b2304b7e02725a