Maine is close to becoming one of few states in the country to provide a retirement savings program to workers who don't have access to one through their jobs.
by Christian Wade, The Center Square | April 13, 2021 09:30 AM Print this article
The managers of Maine s public sector retirement plans are being urged to cut their investment ties to the fossil fuel industry to promote clean energy.
A proposal that will be considered on Thursday by the Legislature s Committee on Labor and Housing, would require the state Treasurer s office to divest any fossil fuel holdings from its retirement portfolios by 2026.
Backers of the proposal say it would send a message to the fossil fuel industry that Maine is putting its money where its mouth is when it comes to tackling climate change.