California continues to be a climate and cleantech leader. One of its big recent announcements in this regard is that state policymakers have introduced the California Fossil Fuel Divestment Act (SB 252). Naturally, this divestment
, students, retirees, and California communities across the state celebrate as Senator Lena Gonzalez, joined by Sen. Scott Wiener, and Sen. Henry Stern announced that they will introduce new Senate legislation, the California Fossil Fuel Divestment Act , which will divest the state’s public pension funds — CalSTRS and CalPERS — from fossil fuels,” they state.
, Californians have made thousands of calls, written nearly 20,000 letters, and organized dozens of meetings with legislators to advocate for the divestment of California’s public pension funds.
So, indeed, even as a climate leader in this regard, California wouldn’t be first. Its great eastern US rival New York is even ahead of California on this one. Perhaps it’s time to catch up? And with the various components of the package, it appears that it does go even further. I’ll let Senator Scott Wiener have the final word. “It raises the bar for pro-climate investment, setting a standard that could influence how trillions more dollars in investments are apportioned. SB 252 ends California’s contradictory and incongruous policy of being a leader in the fight against climate change, while simultaneously investing billions of dollars of teacher and state-employee retirement funds directly into the fossil fuel corporations that are the leading cause of climate change.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Biden Told to Act on His Climate Rhetoric by Halting New Fossil Fuel Drilling'President Biden needs to stop approving fossil fuel infrastructure projects, end fossil fuel production on public lands and waters, and declare a climate emergency,' said one climate campaigner.
Les mer »
Activist Investors Are Suing Shell Board for Failing on Fossil Fuel TransitionClientEarth, an environmental law charity and institutional investor in Shell, is suing the company board for inadequately preparing to transition away from fossil fuels.
Les mer »
Fossil discovery reveals complex ecosystems existed on Earth much earlier than previously thoughtAbout 250 million years ago, the Permian-Triassic mass extinction killed over 80% of the planet's species. In the aftermath, scientists believe that life on Earth was dominated by simple species for up to 10 million years before more complex ecosystems could evolve.
Les mer »
Joe Manchin calls 'bulls--t' on Democrats’ push to quickly end fossil fuelsDemocrat West Virginia Sen. Joe Manchin isn't hiding his frustration with colleagues who want to quickly transition the country away from fossil fuels.
Les mer »
John Kerry frustrated oil companies aren't interested in costly renewable businessU.S. climate envoy John Kerry acknowledged that fossil fuel companies are 'critical' to the green energy transition and worried about plans to reduce clean investments.
Les mer »
Biden’s SOTU Climate Rhetoric Isn’t Enough: He Must End Drilling, Activists SayPresident Joe Biden said during his State of the Union address Tuesday that the climate crisis is an “existential threat” and political leaders have an obligation to confront it.
Les mer »