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This act requires that a municipal public fund create a list of fossil fuel companies that match specific criteria, divest all holdings from the companies on this list over a 3-year period, and reinvest funds in socially responsible investments that satisfy prudent person standards. This act also requires investment offerings for participant-directed retirement funds that are devoid of holdings in fossil fuel companies. This act also urges divestment action from fiduciaries of local government investment pools and that credit agencies factor climate risks into their ratings of publicly held companies.
A resolution declaring the intent of a city that does not invest in stock to refrain from investing in fossil fuel companies in the future.
With the change in presidential administrations, the EPA's Clean Power Plan is in jeopardy, but a number of states have promoted and will continue to promote clean energy adoption. Federal regulations may change, but it is clear that with the price of solar and wind dropping, clean energy generation is the future of electricity. Carbon pricing is one major set of market mechanisms that states can use to promote the advancement of clean energy adoption. Whether a state or region chooses to implement a cap-and-trade, carbon tax, or some other mechanism, it is critical that issues of equity and justice for the communities most impacted by poverty and pollution are addressed in the policy design and implementation. This legislator toolkit provides guidance on how to support disadvantaged communities and displaced workers should a state choose to use carbon pricing as part of its plan to transition to a clean energy economy.
A resolution urging divestment, if the City does not control the Pension Board and does not otherwise invest in fossil fuel stocks.
A resolution to divest a city holding fossil fuel stocks from publicly-traded fossil fuel companies.
A resolution declaring the intent of a city without fossil fuel investments to refrain from investing in fossil fuel companies in the future.
The global oil market has undergone profound structural changes in the last decade that have now culminated in a capex crisis for the industry, particularly the oil majors.
Decisions made by local governments play a significant role in California's demand for natural resources and the associated pollution, air emissions, and waste from use of those resources. One important way local governments can reduce their impact on human health and the environment is through green procurement, or environmentally preferable product (EPP) purchasing programs. By weighing not only the purchase price of a product but also its full lifetime cost, green procurement policies can help local governments save money, create local green jobs and improve overall sustainability in their day to day operations.
Trucks and buses are going electric, too, and the impact on both our air and our economy could be huge. Transportation is the largest contributor to global nationwide, but electric trucks and buses are part of the solution because they are cleaner than diesel and natural gas vehicles. Nine takeaways of electric trucks and buses provided here give important implications
Since fall 2012, colleges, churches and cities have been leading robust discussions and moving to divest their holdings in the fossil fuel industry. Inspired by these actions, individual investors also have been moving their money out of coal, oil and gas companies.