+1 State Divesting Pensions from Fossil Fuels

What is happening? Maine is divesting its pension systems from fossil fuels. LD 99 (2021 | ME)

Why is this important? Supported by the State Treasurer and prohibits a specific lists of publicly traded companies & any whose “core business” is in fossil fuel exploration, extraction, refining, processing or infrastructure.

How will this be important? IN 2021 Maine also divested from private prison operators. Both bills require that the pension systems act“in accordance with sound investment criteria and consistent with fiduciary obligations” 

Governing | Maine Takes on Fossil Fuel Divestment. How Will It Happen?