Lawmakers urged to yank state investments from fossil fuel companies
Legislature weighs measure that proponents say would help combat a growing climate crisis.
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Pumpjacks operate in January 2015 at the Kern River Oil Field in Bakersfield, Calif. Gov. Gavin Newsom signed a law in October 2019 intended to counter Trump administration plans to increase oil and gas production on protected public land.
Less than a decade after Maine’s tiny Unity College kicked off an international effort to cease investments in fossil fuel companies, the effort has grown to encompass more than $14 trillion in endowments and investment portfolios.
And if some environmentalists have their way, the state of Maine will join the movement soon.