HOUSE DOCKET, NO. 236        FILED ON: 1/14/2021

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2640

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Dylan A. Fernandes and Jay D. Livingstone

_________________

To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act authorizing independent retirement systems to divest from fossil fuel companies.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

Dylan A. Fernandes

Barnstable, Dukes and Nantucket

1/7/2021

Jay D. Livingstone

8th Suffolk

1/22/2021

Natalie M. Blais

1st Franklin

1/26/2021

Mindy Domb

3rd Hampshire

1/28/2021

James M. Murphy

4th Norfolk

2/19/2021

Lindsay N. Sabadosa

1st Hampshire

2/22/2021

Elizabeth A. Malia

11th Suffolk

2/25/2021

James J. O'Day

14th Worcester

2/26/2021

Kay Khan

11th Middlesex

3/2/2021

Ruth B. Balser

12th Middlesex

3/2/2021

Thomas A. Golden, Jr.

16th Middlesex

3/2/2021

Brian W. Murray

10th Worcester

3/4/2021

Tami L. Gouveia

14th Middlesex

3/11/2021

Tommy Vitolo

15th Norfolk

3/31/2021

Michelle L. Ciccolo

15th Middlesex

5/13/2021

Steven C. Owens

29th Middlesex

6/14/2021

David M. Rogers

24th Middlesex

6/16/2021

Jack Patrick Lewis

7th Middlesex

6/30/2021

Andres X. Vargas

3rd Essex

7/19/2021

Erika Uyterhoeven

27th Middlesex

7/26/2021

Carmine Lawrence Gentile

13th Middlesex

8/2/2021

Tram T. Nguyen

18th Essex

8/26/2021

Sean Garballey

23rd Middlesex

9/15/2021

Natalie M. Higgins

4th Worcester

1/6/2022


HOUSE DOCKET, NO. 236        FILED ON: 1/14/2021

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2640

By Messrs. Fernandes of Falmouth and Livingstone of Boston, a petition (accompanied by bill, House, No. 2640) of Dylan A. Fernandes, Jay D. Livingstone and others relative to authorizing independent retirement systems to divest from fossil fuel companies.  Public Service.

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninety-Second General Court
(2021-2022)

_______________

 

An Act authorizing independent retirement systems to divest from fossil fuel companies.

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

SECTION 1. For the purposes of this section, an “independent retirement system” shall mean any Massachusetts public pension system under the oversight, monitoring, and regulation of the public employee retirement administration commission; and a “fossil fuel company” shall mean a company identified by a Global Industry Classification Standard code in one of the following sectors: (1) coal and consumable fuels; (2) integrated oil and gas; or (3) oil and gas exploration and production.

Notwithstanding any general or special law to the contrary, any independent retirement system may, in accordance with the procurement process under section 23B of chapter 32 of the General Laws, divest in whole or in part from any investment in fossil fuel companies. In accordance with this section, the board of an independent retirement system may, after following the procurement process under said section 23B of said chapter 32, invest in index funds or other investment vehicles that may not include fossil fuel companies.

SECTION 2. This act shall take effect upon its passage.