Hawaii Senate Bill 488 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 7-0)
Status: Introduced on January 22 2021 - 25% progression, died in committee
Action: 2021-12-10 - Carried over to 2022 Regular Session.
Pending: Senate Labor, Culture and the Arts Committee
Text: Latest bill text (Introduced) [HTML]

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.

Relating To The Employees' Retirement System.

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]

Date	Chamber	Action
2021-12-10		Carried over to 2022 Regular Session.
2021-01-27	Senate	Referred to LCA, WAM.
2021-01-25	Senate	Passed First Reading.
2021-01-22	Senate	Introduced.

SB488 (Carry Over) 2021-01-27 - Referred to LCA, WAM.

Type	Source
Summary	https://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=SB&billnumber=488&year=2022
Text	https://www.capitol.hawaii.gov/session2022/bills/SB488_.HTM