SB 252 Archives - Page 2 of 2 - Fossil Free California

California fossil fuel divestment bill passes first Senate Committee hearing

By Shana DeClercq | April 12, 2023

Photo of supporters of SB 252 in front of the California Capitol building

Today, SB 252 – a widely-supported bill for CalPERS and CalSTRS to phase out fossil fuel investments – passed its first Committee hearing in the California State Senate. On Tuesday, April 18, the Senate Judiciary Committee is set to hear the bill.

California State Treasurer Fiona Ma Supports Fossil Fuel Divestment Bill

By Shana DeClercq | March 22, 2023

Photo of Fiona Ma, California State Treasurer.

California has an opportunity to again lead on climate issues, energizing the global advocacy effort and ensuring the long-term sustainability of retiree pensions. This legislation gives our pension funds the necessary time to prudently plan for divestment, including identifying suitable investment alternatives” – Fiona Ma