House Approves Bill That Would Divest Maine's Retirement System From Fossil Fuel Industry

MAINE PUBLIC • June 4, 2021

The Maine House has voted in support of legislation that would require the Maine State Retirement system to stop investing in fossil fuel companies and assets, and divest existing interests over time. The measure would immediately block any further investments in the fossil fuel industry by the State Retirement System or the state Treasurer. It sets a 2026 deadline for the divestiture of all the existing investments in fossil fuel.