Assemblymember Tina McKinnor refused to take up the bill in a committee, for the second year in a row, as divestment movement grows.
Some experts say banks should be financing renewables at a much higher rate, for climate and ROI reasons.
If OK’d, measure would be the first nationwide to require climate impact analysis in investment decisions.
Sen. Lena Gonzalez says the state Legislature can sometimes stymie the democratic process.
The proposed legislation would direct the state’s public pension funds to cease investment in oil, gas and coal companies.
I’ve always thought that if the various Protestant denominations can be said to represent a socio-economic sector of American culture, then the people who made up the United Methodist Church (UMC) were the middle of the middle. I mean that across the country and particularly in this region, which includes Southern California, Methodists never wanted to be bothered about too much social or economic justice, and when they were it was a sign that even the center of the country was getting on board.
Arguments against divestment from fossil fuels parallel those against divestment from South Africa.
I can vividly remember when, in the early 1970s, the UMC in my region finally climbed on board the national grape boycott to support farm workers, just as I can recall when the Conference (as the regional body is called) decided to push for divestment in South Africa.
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