September 25, 2023
You are here:  Home  >  Banking & Finance  >  Banking Industry  >  Current Article

Our view: Santa Barbara investment policy a costly maneuver


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…


    This article is only available to Business Times subscribers
  • Subscribers: or REGISTER for complete digital access.
  • Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists.
  • Check the STATUS of your Subscription Account.