Posts by Sandy Emerson

SB 560 Passed by Key CA Senate Committee

After weeks of negotiations, FFCA’s bill (SB 560) defining “financial climate risk”, was passed on its second hearing by the CA Senate PER Committee. The bill’s authors are now seeking co-sponsors as the bill moves toward the Appropriations Committee.

Read more

Ask California to Investigate Exxon

For many months, the attorneys general of New York and Massachusetts have been investigating Exxon’s decades of deception — misleading shareholders and the public about what the company’s own scientists knew about threats posed by climate change. Climate activists have launched a national campaign to urge California Attorney General Xavier Becerra to join them, and…

Read more

CalPERS Calls for More Discussion of AB20, DAPL Divestment

In a surprise development, the CalPERS Investment Committee called for more discussion of AB20 and DAPL divestment. Although the committee did not vote on the issue, member Theresa Taylor, the elected representative of state members and a veteran leader of SEIU Local 1000, expressed her personal opposition to the pipeline project.

Read more

CalSTRS Discusses Materiality of ESG Risk Factors

CalSTRS Investment Subcommittee’s recent discussions of ESG risk factors concerned the materiality of ESG risk factors – whether, and at what threshold, environmental, social, and governance factors materially affect the economic and financial value of an investment.

Read more

City Pension Divestment Campaign in Seattle

Smoggy Seattle Skyline

350Seattle and NorthwestDivest.org are reviving a city pension divestment campaign aimed at the Seattle City Employees Retirement System (SCERS).

Stating that “more than ever we need people of conscience to put their money where their values are” the group asserts that a “green leader” like the City of Seattle should not continue to invest in fossil fuels.

Read more

$5.2 Trillion Reasons to be Hopeful

The global divestment movement is now $5.2 trillion strong in pledged assets, with 688 institutions and 58,399 individuals in 76 countries committed to divest from fossil fuel companies. The value of assets under management by those pledged to divest has doubled in the last 15 months.  As the recent report from Arabella Advisors notes, “pension…

Read more