1. An anti-Keystone XL Pipeline resolution proposed by council member Kshama Sawant’s resolution would direct the city’s Department of Finance and Administrative Services to come up with a plan to avoid doing business with the 17 banks that have invested in the pipeline. On Monday, council members said they needed more time to look at the proposal, which Sawant sent out at 9:00 Monday morning hoping for a 9:30 discussion and a 2:00 full council vote.
Sawant’s resolution directs FAS “to investigate ways to establish contracting criteria to prioritize the City’s goals to avoid contracting for banking services to The City of Seattle with financial institutions that provide credit-level facilities or project-level loans to TransCanada.” At the council’s Monday briefings meeting, council member Sally Bagshaw said she felt “steamrolled” by Sawant’s last-minute proposal. “I appreciate the political stripes that we’re trying to show here. That said, I want to make sure that we’re not making a political decision that’s going to have an negative impact on the fiscal health of the city,” Bagshaw said. To Bagshaw and other council members who said Sawant didn’t give them enough notice before introducing her resolution, Sawant responded, “Well, Trump didn’t give me enough notice” that he was approving Keystone construction.
Tim Burgess, chair of the council’s budget committee, pointed out that when the city decided to divest from Wells Fargo, which is financing the Dakota Access Pipeline, they took their time and “got over 10 legal opinions,” as opposed to passing the resolution the day it was introduced. Another difference between the two resolutions is intent: Originally, the reason the city moved to divest from Wells Fargo was because it committed fraud against its customers; the pipeline issue was tacked on later. That resolution committed the city to partnering with businesses that are “committed to and consistently demonstrate engaging in fair and responsible business practices and avoid conducting City business with partners that engage in criminal or systematic deceptive, fraudulent, or abusive business practices.” It was silent on the issue of banks that aren’t breaking the law, but merely do business with companies, like TransCanada, that the city opposes for political reasons.
It would be one thing if the city had a lot of banking options, and only some banks were “bad.” The problem, according to sources familiar with the proposal, is that insisting on ideological purity could leave the city without a viable banking option. If the city won’t do business with banks that lend to polluters, what justification will it have for turning around and working with banks that finance union-busting corporations, or companies that deny women birth control? The city is reportedly looking into options that would allow it to put some of its money in smaller banks, but state law mandates that the bulk of the city’s money be in large institutions that are stable enough to weather financial storms, to avoid putting city employees’ paychecks and pensions—not to mention many progressive city programs aimed at counteracting Trump Administration policies—at risk.
The council will take up Sawant’s resolution sometime in the next two weeks.
2. When voters passed Initiative 122 last year, creating a public financing system that gives every voter $100 in “democracy vouchers” to spend on the city council candidates of their choice, opponents predicted that businesses and labor would take advantage of the early money, holding “voucher parties” to encourage their members to donate en masse. (The initiative encourages early spending in two ways: It requires the city to mail vouchers out in January, when only the most organized candidates have declared they’re running, and actually funds only a fraction of the vouchers in circulation, creating an incentive for business and labor to anoint and fund their candidates early).
Labor and business groups haven’t thrown their weight behind any candidates yet, but voucher parties have come to pass. The first one is happening this Thursday, when a group of urbanist techies calling themselves “Sea Tech 4 Housing” meet at Optimism Brewing Company on Capitol Hill to support Teresa Mosqueda, one of 10 candidates running for citywide Position 8. The suggested donation: $100—or four $25 democracy vouchers.
3. While some local news stations are wringing their hands over the safety of children playing during the day near a temporary men’s shelter that doesn’t open until 9:30 at night, Operation Nightwatch is worried about where it will go next. The 75-bed men’s shelter was recently displaced from its longtime home in the International District’s Pearl Warren Building, after the city announced it was opening a new 24-7 low-barrier Navigation Center shelter at the site. Last week, the city told the Compass Housing-run shelter it could set up in the Next 50 Pavilion at Seattle Center until April 17, but it’s unclear what will happen after that; Human Services Department spokeswoman Meg Olberding says “We are calling on community members who might have space we can use to let us know, and we are combing our networks to try and find space.”
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