Bill
Bill > H4170
MA H4170
To mandate the review of climate risk in order to protect public pension beneficiaries and taxpayers
summary
Introduced
09/30/2021
09/30/2021
In Committee
09/30/2021
09/30/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
Relative to public pension fund divestment from climate risk investments and negative economic impacts from carbon producing industries. Public Service.
AI Summary
This bill aims to mandate the review of climate risk in order to protect public pension beneficiaries and taxpayers. It establishes a Climate Risk Investment Review Committee to study and review the risk associated with public pension fund investments in climate-related industries, and requires the Pension Reserves Investment Management (PRIM) Board to divest from fossil fuel and other climate-risk investments by January 1, 2025. The bill also requires state agency and authority pension funds not subject to Chapter 32 to review their climate-related investments and divest from those deemed to have a negative impact on the global climate or conflict with the Commonwealth's climate goals.
Committee Categories
Labor and Employment
Sponsors (19)
Mindy Domb (D)*,
Ruth Balser (D),
Michelle Ciccolo (D),
Jo Comerford (D),
Mike Connolly (D),
Marjorie Decker (D),
Sal DiDomenico (D),
Jamie Eldridge (D),
Sean Garballey (D),
Carmine Gentile (D),
Tami Gouveia (D),
Natalie Higgins (D),
Kay Khan (D),
Steve Owens (D),
Lindsay Sabadosa (D),
Jon Santiago (D),
Dan Sena (D),
Erika Uyterhoeven (D),
Tommy Vitolo (D),
Last Action
Accompanied a study order, see H5206 (on 09/12/2022)
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/H4170 |
| Bill | https://malegislature.gov/Bills/192/H4170.pdf |
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