SB 185: Coal divestment

SB 185 will require California’s public pension funds, the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS), to divest from holdings in thermal coal. Divestment from coal—America's dirtiest energy source–is part of the state’s broader efforts to decarbonize the California economy and transition to clean, renewable energy resources. California is the first state in the nation to pass a measure of this kind.