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California passes bill to divest largest pension funds from coal

2015-09-04 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

InsideClimate: California is one governor's signature away from becoming the first state to mandate its major public pension funds to at least partially divest from fossil fuel holdings, which could have ripple effects across the nation. The California Assembly voted 47 to 30 on Wednesday to mandate the state's two largest pension funds divest from coal assets. It now heads to Gov. Jerry Brown's office for approval. The Senate voted in favor of the measure in June. Even though the legislation--Senate Bill...

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