Press Release
California public pension divestment bill building momentum; passed Senate Labor and Judiciary Committees
SACRAMENTO | Today, SB 252 – a widely-supported bill for CalPERS and CalSTRS to phase out fossil fuel investments – is expected to pass its second Committee hearing in the California State Senate at the Senate Judiciary Committee.
Read moreCalifornia fossil fuel divestment bill passes first Senate Committee hearing
Today, SB 252 – a widely-supported bill for CalPERS and CalSTRS to phase out fossil fuel investments – passed its first Committee hearing in the California State Senate. On Tuesday, April 18, the Senate Judiciary Committee is set to hear the bill.
Read moreCalifornia public pension divestment bill – SB 252 – goes before the Senate Labor Committee
On Wednesday, April 12th, the Senate Labor, Public Employment and Retirement Committee will vote on SB 252, which will divest CalPERS and CalSTRS by 2030. If passed, the bill will then progress to the Senate Judiciary Committee on Tuesday April 18th. These hearings come as Californians experience intensifying fires, deadly heat, and deepening drought.
Read moreCalifornia State Treasurer Fiona Ma Supports Fossil Fuel Divestment Bill
California has an opportunity to again lead on climate issues, energizing the global advocacy effort and ensuring the long-term sustainability of retiree pensions. This legislation gives our pension funds the necessary time to prudently plan for divestment, including identifying suitable investment alternatives” – Fiona Ma
Read moreSB 252 announced to divest California’s public pensions from oil and gas
Student-led movement celebrates launch of California Fossil Fuel Divestment Act January 30, 2023 Contacts: Event Livestream Recording: Senator Gonzalez’s Office | YouTube Permalink Event Photos | Fossil Free California Photos…
Read moreFossil fuel-funded cop kills California climate legislation
The California Fossil Fuel Divestment Coalition promises to return with similar legislation next year, and will turn up the pressure directly on CalPERS and CalSTRS to divest from fossil fuels.
Read moreNew report reveals California pensions CalPERS, CalSTRS vote NO on Big Oil shareholder climate resolutions
The retirement systems’ failed shareholder engagement efforts with fossil fuel companies has cost their members $11.9 billion in returns California — A report released today from Fossil Free California reveals…
Read moreCalifornia Senate passes fossil fuel divestment bill
California communities celebrate growing momentum around pension divestment California — Today amidst increasing drought and water crisis, wildfires, and tangible impacts of the fossil-fueled climate chaos, the California State Senate…
Read moreCalifornia Senate expected to vote on fossil fuel divestment this week
California — Amidst increasing drought and water crisis, wildfires, and tangible impacts of the fossil-fueled climate chaos, this week, the California State Senate will vote on Senate Bill 1173 (Gonzalez…
Read moreReport reveals CalPERS, CalSTRS exaggerate cost of divestment
New report exposes pattern of misinformation on fossil fuel divestment from two largest public pension funds in U.S. (California) — A first-of-its-kind comprehensive report released today from Fossil Free California…
Read more