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Our view: Santa Barbara investment policy a costly maneuver

By and   /   Friday, September 22nd, 2017  /   Comments Off on Our view: Santa Barbara investment policy a costly maneuver

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Socially conscious investing always sounds like a good idea — until it doesn’t. By a 5-2 vote on Sept. 19, the Santa Barbara City Council voted to adopt an investment policy that encourages putting money into institutions that “promote community economic development” and discourages investments in institutions that support tobacco, military systems, fossil fuels or…

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