SB 252 announced to divest California’s public pensions from oil and gas

Student-led movement celebrates launch of California Fossil Fuel Divestment Act

Today amidst devastating flooding, an historic mega-drought, wildfires, and fossil-fueled public health crises, 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 (SB 252), which will divest the state’s public pension funds–CalSTRS and CalPERS– from fossil fuels. This new bill is a key part of the slate of bills the Senators introduced today: the Climate Accountability Package.

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