Offshore oil rig in Alaska.

In blue California, lawmakers struggle to drop fossil fuels from state pensions

BY: - July 12, 2023

California could soon divest its public pensions from fossil fuel companies, as the state legislature looks to force the nation’s largest non-federal retirement funds to sell off nearly $15 billion in assets. The Democratic effort is part of a growing international movement by government, religious, nonprofit and academic institutions to divest from fossil fuel companies. […]