Bill

Bill > H2220


MA H2220

MA H2220
Relative to public investment in fossil fuels


summary

Introduced
01/22/2019
In Committee
01/22/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

Relative to public investment in fossil fuels. Public Service.

AI Summary

This bill requires the Pension Reserves Investment Trust (PRIT) to divest its direct and indirect holdings in thermal coal companies by the end of 2017. It also creates a special commission to investigate and study the divestment of PRIT from fossil fuel companies, excluding thermal coal, by the end of 2020. The bill provides some exceptions and guidelines for the divestment process, as well as indemnification for PRIT board members, officers, and investment managers. Additionally, the bill requires PRIT to file reports on its divestment actions with the state legislature and Attorney General.

Committee Categories

Labor and Employment

Sponsors (31)

Last Action

Accompanied a study order, see H4722 (on 05/20/2020)

bill text


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