Today, Clean Water Action announced their endorsement of Seth Magaziner for re-election as General Treasurer.
“Seth Magaziner has used the Treasurer’s office in innovative ways to promote sustainability and the green economy,” said Johnathan Berard, Rhode Island State Director for Clean Water Action. “We are grateful for his commitment to promoting climate resilience and holding energy companies accountable.”
In his first year as Treasurer, Seth Magaziner developed legislation that established new green infrastructure programs at the Rhode Island Infrastructure Bank. Today, these programs fund the installation solar panels and wind turbines, as well as retrofitting fire stations, libraries, and other public buildings to make them more energy efficient. These projects reduce our state’s carbon footprint while saving taxpayers money and creating good-paying jobs.
As a multi-billion dollar investor, Rhode Island’s pension fund holds shares in thousands of the world’s largest companies. As Treasurer, Seth has used this position of shareholder to hold energy companies accountable for their role in creating the global climate crisis. He filed and co-filed shareholder proposals at Chevron, Conoco-Philips and DevonEnergy to disclose funds they spend on corporate lobbying, pushing the companies to negotiate on changing their practices.
“I thank Clean Water Action for their important work protecting our environment,” said Magaziner. “I am proud of the ways we have used the Treasurer’s office to address the real risks of climate change in our state. I appreciate their continued support and partnership.”