SB 252 – Senate Floor

California Fossil Fuel Divestment Act

SB 252 would have divested the state’s public pension funds (CalSTRS and CalPERS) from fossil fuel investments, prohibiting investment in the top 200 fossil fuel companies by 2027, which currently make up less than 2% of the fund. Divesting is not only a matter of staying true to California’s values of a sustainable future — it is a financially prudent choice to protect our state’s public pension funds from risky and volatile fossil fuel industry investments, which have been shown to hurt teachers' and public employees' retirement returns in teachers’ retirement funds. This bill was a cornerstone of the Climate Corporate Accountability Bill package.

Author: Lena Gonzalez, Henry Stern, and Scott Wiener

View Bill

Bill info from the legislature

Issues: Clean Energy Economy

Not signed into Law

Top Priority Bill Top Priority Bill


Passed the Senate, but failed to pass the Assembly Public Employment and Retirement Committee




23 Yes
10 No
7 Abstain