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Pamela Zuppo originally shared to Progressive Politics:
 
The California Democratic Party approved a sweeping resolution on Sunday to drop fossil fuel stocks from the state's two major public pension funds, valued at about $500 billion. The party also wants the state's 33 public universities to purge such investments from their $12 billion in total endowments.

The resolution will not likely result in new legislative action soon. However, it could generate enough support among the Democratic majority to pass a less aggressive divestment bill, Senate Bill 185, working its way through the state legislature.

Before the final vote, RL Miller, chair of the California Democratic Party's environmental caucus and author of the resolution, delivered a one-minute speech. In an interview with InsideClimate News she recounted her message: "The world is watching...We need to send a moral message that California will not invest in those businesses that burn our planet in the name of profit and this resolution is that message.

"Divestment from South Africa helped bring down the system of apartheid and [divestment] will likewise bring down our dependence on fossil fuels. And further, [the] passage of this resolution will help pass Senate Bill 185."

Beyond California, this resolution adds to the fast-growing momentum of the fossil fuel divestment movement, which kicked off on college campuses in 2011 and has spread to cities and major corporations worldwide.

California, which boasts the eighth-largest economy in the world, is part of a regional carbon trading system with four Canadian provinces. The state has repeatedly expanded its carbon reduction strategy in recent years. Last month, Gov. Jerry Brown issued an executive order to reduce the state’s greenhouse gas emissions 40 percent below 1990 levels by 2030.

Two schools in the California State University system—Humboldt State University and San Francisco State University—have committed to fossil fuel divestment, joining seven other colleges in the state. Stanford University, a private institution, pledged to divest from coal assets last summer.

At least 22 other universities outside of California have already divested or committed to do so. Last month, Syracuse University became the largest university to take that step, promising to clear its $1.18 billion endowment portfolio of fossil fuel holdings.

#Divest  
The California Democratic Party approved a sweeping resolution on Sunday to drop fossil fuel stocks from the state's two major public pension funds, valued at about $500 billion. The party also wants the state's 33 public universities to purge such investments from their $12 billion in total endowments.
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All photos by Melanie Wehrwein Bill Coperthwaite was a master yurt-builder/designer who was featured in Home Work. He died in 2013. The yurt that the Wehrwein family is building was based on Bill’s last design. For almost three years, Melanie and ... Read More
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[Another entry in the Back to the Garden series, which you can access by clicking the tag of the same name to the left.] As I've been saying for the last couple of weeks, the key characteristic of the loving landscape is healthy, living soils which foster plant and animal health without artif...
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Galeux D'Eysines About three weeks ago I planted a flat of cucumbers and a flat of squash and gourds in the greenhouse. After hardening off for about a week they are ready to be planted in the garden.  Here are ...
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We had a nice little storm with about a fifth of an inch of rain, and air temperatures did not fall below 60F. A quick inspection showed that the slugs have finally shown up (the big snails, usually not a problem, had been filling in for them). I braided my...
We had a nice little storm with about a fifth of an inch of rain, and air temperatures did not fall below 60F. A quick inspection showed that the slugs have finally shown up (the big snails, usually not a problem, had been fi...
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Weather Underground provides local & long range Weather Forecast, weather reports, maps & tropical weather conditions for locations worldwide.
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Watch this video for inspirational stories of family, mushroom hunting, and more.
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Across the creek there's not much going on, as Beloved will not start goats until some offsite obligations have been taken care of. So I still mostly mow over there, to keep the ground open (it would fill with blackberries and other invasives if left to its...
Across the creek there's not much going on, as Beloved will not start goats until some offsite obligations have been taken care of. So I still mostly mow over there, to keep the ground open (it would fill with blackberries an...
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Public health experts outraged after world’s largest privately-held coal company promotes its product in the fight against Ebola in Africa as part of a PR campaign to rebrand the fossil fuel as a solution to global poverty
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Have her in circles
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Retiree, homesteader and writer; see https://sites.google.com/site/stonyrunpress/Home/risa-bear-curriculum-vitae
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Writing, editing, homesteading, permaculture
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    Writer and homesteader, 1975 - present
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Karen was raised underground. Now she is alone in a post-collapse world ...
Introduction
Author of six print titles including Starvation Ridge, a post-apocalyptic novel set in Oregon. Adapting in place with organic polycultural microfarming: http://risashome.blogspot.com/; writing in my spare time; see http://www.lulu.com/spotlight/risabee and http://amazon.com/author/risabear
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https://www.goodreads.com/author/show/6457744.Risa_Stephanie_Bear
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  • University of Oregon
risa bear's +1's are the things they like, agree with, or want to recommend.
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