Bill Requiring Fossil Fuel Divestment for Public Retirement Systems Introduced

On January 30, 2023, Senator Lena Gonzalez introduced SB 252, which would prohibit the boards of the California Public Employees’ Retirement System (CalPERS) and the State Teachers’ Retirement System (CalSTRS) from making new investments or renewing existing investments of public employee retirement funds in a fossil fuel company. The bill would require…