SB 185: California Requires Pension Funds to Divest from Thermal Coal Companies
Summary
SB 185 was enacted in October 2015 and required the California Public Employees’ Retirement System and California Teachers’ Retirement System to divest from thermal coal companies by July 1, 2017 and prohibits any new investments in such companies. A thermal coal company is defined as "a publicly traded company that generates 50 percent or more of its revenue from the mining of thermal coal," as determined by the systems' boards.
Impacted Sectors
Additional Information
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