Senate Bill 170
Introduced Senate Bill (S)
DIGEST
Pension investments in fossil fuel companies. Requires the board of trustees of the Indiana public retirement system (system) to divest investments and investment products in a company that is publicly traded and identified as one of the 200 largest reserve-owning fossil fuel companies based on the amount of carbon emissions in a company's oil, gas, and coal reserves. Requires the system to submit a report to the interim study committee on pension management oversight and the budget committee on or before November 1 of each year through 2029. Provides for civil immunity.
Pension investments in fossil fuel companies. Requires the board of trustees of the Indiana public retirement system (system) to divest investments and investment products in a company that is publicly traded and identified as one of the 200 largest reserve-owning fossil fuel companies based on the amount of carbon emissions in a company's oil, gas, and coal reserves. Requires the system to submit a report to the interim study committee on pension management oversight and the budget committee on or before November 1 of each year through 2029. Provides for civil immunity.
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