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CT HB05733
Bill
Status
1/21/2015
Primary Sponsor
Environment Committee
Click for details
AI Summary
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State Treasurer must review major state investments to determine the extent of state fund exposure to fossil fuel companies, effective October 1, 2015.
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Treasurer may divest state funds from or decline to invest in fossil fuel companies, and must provide notice to companies when divestment is determined to be warranted.
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"Fossil fuel company" is defined as any company involved in exploration and production of coal, oil, or natural gas.
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Divestment exclusions apply to passive index funds and private commingled funds, which are not subject to the divestment provisions.
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Treasurer shall provide at least annual reports to the Investment Advisory Council regarding actions taken under this section.
Legislative Description
An Act Authorizing The State Treasurer To Divest Funds From Fossil Fuel Companies.
Last Action
Referred by House to Committee on Finance, Revenue and Bonding
4/14/2015