The Twin Cities is heading for trouble with the possible politicization of banks involved in fossil fuel development. In a proposal to the City Council (Council), Minneapolis City Council Member Alondra Cano argues that financial decisions should be better aligned with certain principles and therefore encourages the city to divest from certain accounts, like Wells Fargo. However, Cano’s rash decision fails to take into account the financial repercussions divestment would have on Minneapolis’ economy, communities, and livelihoods.

Cano’s proposal to … Read More