HI SB488 | 2021 | Regular Session
Note: Carry Foward to future SB488
Status
Spectrum: Partisan Bill (Democrat 7-0)
Status: Introduced on January 22 2021 - 25% progression, died in committee
Action: 2021-01-27 - Referred to LCA, WAM.
Pending: Senate Labor, Culture and the Arts Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 22 2021 - 25% progression, died in committee
Action: 2021-01-27 - Referred to LCA, WAM.
Pending: Senate Labor, Culture and the Arts Committee
Text: Latest bill text (Introduced) [HTML]
Summary
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.
Title
Relating To The Employees' Retirement System.
Sponsors
Sen. Mike Gabbard [D] | Sen. Laura Acasio [D] | Sen. Stanley Chang [D] | Sen. Sharon Moriwaki [D] |
Sen. Rosalyn Baker [D] | Sen. Les Ihara [D] | Sen. Maile Shimabukuro [D] |
History
Date | Chamber | Action |
---|---|---|
2021-01-27 | Senate | Referred to LCA, WAM. |
2021-01-25 | Senate | Passed First Reading. |
2021-01-22 | Senate | Introduced. |
Same As/Similar To
SB488 (Carry Over) 2021-01-27 - Referred to LCA, WAM.
Subjects
Hawaii State Sources
Type | Source |
---|---|
Summary | http://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=SB&billnumber=488&year=2021 |
Text | https://www.capitol.hawaii.gov/session2021/bills/SB488_.HTM |