ME: Legislature Passes Landmark Fossil Fuel Divestment Bill

Source: Common Dreams

“Climate action advocate Bill McKibben welcomed a development he called ‘a gift to the planet’ after Maine state lawmakers on Tuesday passed a groundbreaking bill committing the state to divesting its assets from the fossil fuel industry. … The legislation calls on the state treasury and state retirement system not to make any further investments in the fossil fuel industry and sets a 2026 deadline for fossil fuel divestment. Advocacy groups backing the effort say it’s the first time a state is committing to divestment through legislation.” [editor’s note: Now, if there is an accompanying bill promoting investment and building of cleaner nuclear energy plants, this might actually mean something – SAT] (06/09/21)