State Senate Coal Divestment Hearing 4/13

Divest! SB185!

Join us to attend the hearing on Monday, April 13, of the California State Senate Public Employment and Retirement Committee. The committee is considering SB 185, a bill to mandate that the two large state pension funds divest from coal companies. This is an important first step toward complete fossil fuel divestment by the California Public Employees' Retirement System (CalPERS) and the California State Teachers' Retirement System (CalSTRS), and we are asking for a big turnout to support the bill. 

The bill, titled "Public Divestiture of Thermal Coal Companies Act," is sponsored by Senate President Pro Tem Kevin de León, and requires divestment of companies that mine coal. It also instructs the pension funds' administrators to conduct a "comprehensive assessment of the feasibility and implications of divesting the retirement system funds of additional fossil fuel investments, such as natural gas and petroleum," thus paving the way for more extensive divestment in the near future. The bill is part of a package of four climate-related bills proposed by Governor Jerry Brown and currently making their way through the legislature. You can find more information at Fossil Free California.

What else can you do?

  • Write or call your state senator today to ask him or her to cosponsor SB 185 before the hearing. You can find out who your state senator is by clicking here.
  • Ask for letters from supportive organizations you are connected with (environmental groups, faith groups, city councils that have already divested).
  • CalPERS members: Write or call (888-225-7377) CalPERS CEO Anne Stausboll, asking Board members to support SB 185.
  • Attend the CalPERS Investment Committee meeting at 10:30 am earlier the same day (April 13) at CalPERS headquarters, 400 P Street in Sacramento. The committee is meeting to consider whether CalPERS will support SB 185. 


Coal is a bad investment for California—and for the Earth!

April 13, 2015 at 2pm - 4pm
California State Capitol
1315 10th L St
Rose Ann Vuich Hearing Room (2040)
Sacramento, CA 95814
United States
Google map and directions
Deborah Silvey · · 510-333-8513
Brett Fleishman David Lopes

Will you come?

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rsvped 2015-04-06 07:45:11 -0700
rsvped 2015-04-05 10:58:26 -0700
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