New York legislature fixing to eat California's lunch

JULY 7: Today New York state legislators introduced the Fossil Fuel Divestment Act, which would require the Comptroller of the State of New York to divest the Common Retirement Fund’s holdings in the top 200 fossil fuel companies by 2020. The fund is the third largest public pension fund in the country, behind California’s Public Employees Retirement System (CalPERS) and our State Teacher’s Retirement System (CalSTRS).

Their AWESOME announcement is here. Don’t miss it, and watch the videos!

While Fossil Free California is focused like a laser on passing S.B. 185, Senate President Pro Tem Kevin de León’s bill requiring CalPERS and CalSTRS to divest from coal holdings, New York is preparing to take a big bite from the whole…apple. We’re not competitive or anything, but it would be just a little frustrating to see the second bluest state in the country pass a divestment bill before we do!

Well, never fear. Rumor has it that the New York bill won’t be voted on until January. The California state Senate has already passed SB 185, and the Assembly will vote on it before September 11 (assuming it passes the Appropriations Committee). We’ll need everyone working on all of our Assembly members to get it through that more conservative body! So stay tuned for ideas about how you can help. In the meantime, click on the big picture on the home page or click here, and sign up to work with us!