In a significant victory for the fossil fuel divestment movement, the California Assembly on Wednesday passed a bill requiring the state's two pension systems, CalPERS and CalSTRS, to release their holdings from coal investments.
‘“California’s utilities are phasing out coal, and it’s time our pension funds did the same,” de León added.’
The former is the divestment that WILL get things done.
yes, you need utilities to replace coal with renewable energy to cut emissions. Divestment from coal stocks is to save pension funds from being left with stranded assets.