On Monday June 30, 2014, the Massachusetts State Senate will review a bill pertaining to public divestment from fossil fuels. The bill plainly lays out a timeline for divestment, which reads as follows:
(i) at least 20 per cent of such assets shall be removed from the public fund’s assets under management within 1 year of the effective date of this act; (ii) 40 per cent of such assets shall be removed from the public fund’s assets under management within 2 years of the effective date of this act; (iii) 60 per cent of such assets shall be removed from the public fund’s assets under management within 3 years of the effective date of this act; (iv) 80 per cent of such assets shall be removed from the public fund’s assets under management within 4 years of the effective date of this act and (v) 100 per cent of such assets shall be removed from the public fund’s assets under management within 5 years of the effective date of this act.
This is a pretty impressive timeline. The bills bottom line is total divestment from fossil fuels in 5 years. The best part: this bill could actually gain traction and pass. As of right now, Eileen Donahue supports this bills. A letter from April 17, 2014 is signed by 30 state senators.
A great way to ensure the success of this bill is to call the senators to let them know that this is important. To find out how to contact a senator, visit https://malegislature.gov/People/Senate
Click Here to find out tips and suggestions for calling a senator or legislator.
A great way to ensure the success of this bill is to call the senators to let them know that this is important. To find out how to contact a senator, visit https://malegislature.gov/People/Senate
Click Here to find out tips and suggestions for calling a senator or legislator.
divestment_sign-on_letter.pdf |