SB 488

  • Hawaii Senate Bill
  • 2021 Regular Session
  • Introduced in Senate Jan 22, 2021
  • Senate
  • House
  • Governor

Relating To The Employees' Retirement System.

Abstract

Requires the board of trustees of the Employees' Retirement System to reevaluate its existing future investments in coal, oil, natural gas, oil and natural gas services, and pipeline companies; divest, at appropriate times over the next five years, the public fund's holdings in any such companies that have not invested more in clean renewable energy sources, such as photovoltaics and wind power, than in fossil fuels or are not set up for favorable long term investment returns by having clear plans to abandon fossil fuels by 2030; search and evaluate potential future investment funds with indirect holdings devoid of coal, oil, natural gas, oil or natural gas services, and pipeline companies; and submit annual reports to the legislature.

Bill Sponsors (7)

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Actions


Jan 27, 2021

Senate

Referred to LCA, WAM.

  • Referral-Committee
Ways and Means Labor, Culture and the Arts

Jan 25, 2021

Senate

Passed First Reading.

Jan 22, 2021

Senate

Introduced.

Bill Text

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Sources

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