SB 1173 (Lena Gonzalez and Scott Wiener) A fossil fuel divestment bill. SB 1173 would prohibit the boards of the Public Employees’ Retirement System (CalPERS) and the State Teachers’ Retirement System (CalSTRS) from making new investments or renewing existing investments of public employee retirement funds in fossil fuel corporations. Read The Climate Center’s Letter of Support. Read the author factsheet. STATUS: DEAD. Approved May 25 in the Senate; double-referred to the Assembly Judiciary Committee and Public Employment and Retirement Committee. Jim Cooper, Chair of the Assembly Retirement committee used his power to unilaterally remove SB1173 from the committee agenda thereby killing it.
