In blue California, lawmakers struggle to drop fossil fuels from state pensions
The Democratic effort with pensions is part of an international movement by government and other institutions to divest from fossil fuel.
Source: alaskabeacon.com
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In blue California, lawmakers struggle to drop fossil fuels from state pensions
California could soon divest its public pensions from fossil fuel companies, as the state legislature looks to force the nation’s largest non-federal retirement funds to sell off nearly $15 billion
Source: jacksonprogress-argus.com
California Pension Struggles to Ditch Fossil Fuels Funds
State Republican lawmakers, the powerful petroleum lobby and the public pension funds targeted by the bill oppose the measure that would divest the state’s retirement funds and sell nearly $15 billion in assets.
Source: governing.com
California Fossil Fuel Divestment Bill 'SB 252' Passes Senate With Massive Momentum
Today, SB 252 to phase out fossil fuel investments – passed the California state Senate full floor vote with an outsized majority of 22 to 10.
Source: valuewalk.com
California may ban fossil fuel investments by pension giants
CalPERS and CalSTRS are the country's two largest state pension systems.
Source: axios.com