31st Legislature, 2021
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Floor session convene times for Monday, April 19, 2021:
Senate: 12:00 p.m. | House of Representatives: 12:00 p.m.
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SB488       (?)


Measure Title: RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM.
Report Title: Company Divestment; Coal; Oil; Gas; Fossil Fuels; Employees' Retirement System
Description: Requires the board of trustees of the Employees' Retirement System to reevaluate its existing future investments in coal, oil, natural gas, oil and natural gas services, and pipeline companies; divest, at appropriate times over the next five years, the public fund's holdings in any such companies that have not invested more in clean renewable energy sources, such as photovoltaics and wind power, than in fossil fuels or are not set up for favorable long term investment returns by having clear plans to abandon fossil fuels by 2030; search and evaluate potential future investment funds with indirect holdings devoid of coal, oil, natural gas, oil or natural gas services, and pipeline companies; and submit annual reports to the legislature.
Companion:
Package: None
Current Referral: LCA, WAM
Introducer(s): GABBARD, ACASIO, CHANG, MORIWAKI, Baker, Ihara, Shimabukuro

Sort by Date Status Text
1/22/2021SIntroduced.
1/25/2021SPassed First Reading.
1/27/2021SReferred to LCA, WAM.

S = Senate | H = House | D = Data Systems | $ = Appropriation measure | ConAm = Constitutional Amendment

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SB488




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