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Santa Monica, Calif., Moves to Dump Wells Fargo Over DAPL Funding
Posted on Feb 17, 2017
Santa Monica, Calif., has joined a growing list of cities that have enacted progressive local policies, often at odds with President Trump’s positions.
On Wednesday, the Santa Monica City Council voted to sever ties with Wells Fargo because the financial services company helps fund the controversial Dakota Access pipeline.
The Santa Monica Lookout reported:
According to local news site Santa Monica Next, the council voted 5-0 to support the divestiture measure, although two council members were not present for the vote.
Santa Monica joined cities such as Seattle and Davis, Calif., which also have voted to pull investments from Wells Fargo due to its ties to the North Dakota oil pipeline.
In addition, Santa Monica has passed local measures on a wide range of progressive issues in the face of Trump administration moves. For instance, one day after the divestiture vote, the Santa Monica City Council approved drafting legislation to protect residents from having to give sensitive information to employers and landlords.
The Santa Monica Lookout explained:
“What we have here [from the federal government] is overt discrimination against people based on religion,” council member Kevin McKeown stated at the hearing.
Other local governments around the country are responding to President Trump’s policies in a outspoken manner as well. Los Angeles City Council members recently took similar steps to protect minorities and immigrants, with council member Paul Krekorian declaring, “It’s important for the city to get ahead of this and say, ‘We’re not going to stand for this.’ ”
It’s unclear how the Trump administration will respond to these actions in progressive cities, but community leaders say people are looking to their local governments for extra protection in a worrisome time.
“[W]e have a great deal of fear in the community,” noted Santa Monica City Council member McKeown during Thursday’s meeting.
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