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The search continues for Nancy Guthrie, the 84-year-old mother of TODAY co-anchor Savannah Guthrie, as investigators examine the legitimacy of reported ransom notes and offer a reward for information leading to her recovery. The Milan-Cortina Winter Olympics are underway in Italy, with opening ceremonies and early competition drawing attention to U.S. contenders in figure skating and hockey.

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The White House refuses to say if ICE will be at polling places in November. A bill to ease display of the Ten Commandments in schools stalls in Indiana and union leaders call for the restoration of federal worker employment protections.

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Silver mining made Northern Idaho wealthy, but left its mark on people's health, a similar issue affects folks along New York's Hudson River and critics claim rural renewable energy eats up farmland, while advocates believe they can co-exist.

CA climate-change groups press for fossil-fuel divestment

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Tuesday, June 11, 2024   

State lawmakers are considering a bill which would require two public pension systems to pull about $15 billion in combined investments from the fossil-fuel industry by 2031.

Senate Bill 252 would affect the California Public Employee Retirement System, called CalPERS, and the California State Teachers' Retirement System, or CalSTRS.

Sen. Lena Gonzalez, D-Long Beach, a co-sponsor of the bill, said divestment is a moral imperative.

"We cannot leave our kids with climate risks," Gonzalez emphasized. "I see the impacts every day. I see the pollution in my neighborhood, the asthma and respiratory illnesses, all of it."

CalPERS' governing board opposes the measure, arguing its first responsibility is to maximize returns and the companies would find other, less socially conscious investors. Last November, CalPERS released a summary of a plan to move the portfolio toward net-zero by 2050, where carbon emissions from investments are evenly balanced with carbon reductions.

The bill has passed the state Senate and is now before the Assembly Committee on Public Employment and Retirement.

Gonzalez argued it is fiscally irresponsible to invest pension funds in companies such as Exxon, Chevron, BP and ConocoPhillips, calling them some of the state's largest polluters.

"It's a volatile commodity," Gonzalez pointed out. "We know that it's also on its way to being divested across the globe. We don't want to leave pensioners with these stranded assets and horrible risks financially down the road."

Hawaii, Massachusetts, Maine, New Jersey, New York, Oregon, and Vermont are among the states already moving to divest their pension funds or are considering legislation to do so.


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