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'Big Moment' for California as Assembly Votes to Divest From Dirty Coal

'Big Moment' for California as Assembly Votes to Divest From Dirty Coal

Lauren McCauley, staff writer

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.

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‘“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.

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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.