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Tag: sb 185

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California Pensions Move Closer to Divesting from Coal

California’s pension funds moved one step closer to divesting from coal on Wednesday, with an Assembly committee approving SB 185 bill by a 5-1 vote. The bill, which has passed the state Senate, moves to the floor for a vote. It is likely to pass, and Gov.Jerry Brown is likely to sign it into law, though he has opposed measures to ban fracking for oil in the state.