The California Assembly Passed a Bill Wednesday that Prompts the State’s Public Employee Pension Funds to Divest From Coal

September 3, 2015 | “The California Assembly passed a bill Wednesday that prompts the state’s public employee pension funds to divest from coal. The bill passed the Assemby with a vote of 43 to 27, and will require the California Public Employees’ Retirement System (CalPERS) and California State Teachers’ Retirement System (CalSTRS) — which combined are responsible for $476 billion in assets — to remove all holdings in companies that get at least half of their revenue from coal mining. The divestment would have to be completed by July 2017. If signed into law, the measure would be the first of its kind in the United States.”

Good news for the Earth
If signed into law, the measure would be the first of its kind in the country.
thinkprogress.org
 COMMENTS:
Robert Brothers ~ “Yay California! ‘The California Assembly passed a bill Wednesday that prompts the state’s public employee pension funds to divest from coal.'”

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