Title 07 Finance
Chapter 07.15 City Investment Committee
Section 07.15.005 Definitions
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“Fossil fuels” means a fuel formed in the earth from plant or animal remains. The term includes petroleum, shale oil, coal, natural gas, heating oils, light and heavy diesel oil, motor gasoline, propane, butane, residential fuel oils, kerosene, liquefied petroleum gas (LPG), and aviation fuels. 40 CFR 60.41. However, the term excludes biodiesel fuel as defined in RCW 19.112.010.
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“Fossil fuel company” means a company which, directly or through an affiliate or subsidiary, meets any of the following criteria:
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Derives more than 25 percent of its revenue from:
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sale of fossil fuels;
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coal extraction activities; or
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oil-related activities.
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Owns or holds leases for fossil fuel reserves that if extracted and burned would account for more than 0.1 gigatons of carbon dioxide.
Date Passed: Monday, February 1, 2016 Effective Date: Wednesday, March 16, 2016 ORD C35355 Section 1 |
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