Amy Goodman
@DemocracyNow·3.2M subscribers·19.4K videos
As U.S. Congress Lags, California Leads Push to Divest from Fossil Fuels Linked to Climate Change
Posted
December 2, 2015
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The seventh largest economy in the world has “de-linked carbon from GDP,” says Kevin de León, president pro tem of the California Senate. De León led the effort in the California Senate to pass a resolution to divest two of the world’s largest pension funds from fossil fuels: CalPERS and CalSTRS, the California Public Employees Retirement System and California State Teachers’ Retirement System. Together the two funds represent nearly $500 billion in assets. California is in its fifth year of a massive drought, de León notes, and has faced devastating forest fires linked to climate change. We also speak wtih Bill McKibben, co-founder of 350.org, which has played an instrumental role in the divestment movement.
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