Bill
Bill > H2640
MA H2640
Authorizing independent retirement systems to divest from fossil fuel companies
summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
Relative to authorizing independent retirement systems to divest from fossil fuel companies. Public Service.
AI Summary
This bill authorizes independent retirement systems, which are Massachusetts public pension systems overseen by the public employee retirement administration commission, to divest from fossil fuel companies. The bill defines a "fossil fuel company" as a company in the coal, integrated oil and gas, or oil and gas exploration and production sectors. Independent retirement systems can divest from these companies through the procurement process under existing state law, and can invest in index funds or other investment vehicles that do not include fossil fuel companies.
Committee Categories
Labor and Employment
Sponsors (24)
Dylan Fernandes (D)*,
Jay Livingstone (D)*,
Ruth Balser (D),
Natalie Blais (D),
Michelle Ciccolo (D),
Mindy Domb (D),
Sean Garballey (D),
Carmine Gentile (D),
Thomas Golden (D),
Tami Gouveia (D),
Natalie Higgins (D),
Kay Khan (D),
Jack Lewis (D),
Elizabeth Malia (D),
James Murphy (D),
Brian Murray (D),
Tram Nguyen (D),
Jim O'Day (D),
Steve Owens (D),
Dave Rogers (D),
Lindsay Sabadosa (D),
Erika Uyterhoeven (D),
Andy Vargas (D),
Tommy Vitolo (D),
Last Action
Joint Committee on Public Service Hearing (10:00 6/9/2021 Virtual Hearing) (on 06/09/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/H2640 |
| Bill | https://malegislature.gov/Bills/192/H2640.pdf |
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