Bill Would Help Retirement Systems Divest from Fossil Fuel

BOSTON (AP) — A bill that would make it easier for retirement systems to take their money out of fossil fuel companies is making its way through Beacon Hill.

The legislation would allow independent retirement systems throughout Massachusetts to divest funds under their control from the fossil fuel industry.

The retirement systems are currently not permitted to divest from any sector without a legislative mandate.

A legislative committee this month gave the bill a favorable recommendation.

It hasn’t yet come up for a vote.

Supporters say the bill is an extension of other efforts the state is making to cut greenhouse gases.

About Brian Merchant

Brian Merchant grew up in Central Massachusetts and now lives in South Dennis on the Cape. He has been part of the news team in the CapeCod.com NewsCenter since the spring of 2014. He studied radio broadcasting at the University of Tennessee.



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