HI HR155

Request the Department of Business, Economic Development, and Tourism to establish a task force to evaluate the feasibility of divesting public investments from fossil fuels.

Task force shall include representatives from DBEDT, Department of Labor and Industrial Relations, Employees' Retirement System, University of Hawaii, non-fossil fuel investors, and other community sectors as determined by the DBEDT Director.

Task force must submit findings, recommendations, and any proposed legislation to the Legislature no later than 20 days before the 2016 Regular Session convenes.

Resolution cites global warming, climate change costs, investment volatility in fossil fuels, and $50 billion in pledged divestment by major cities and institutions as rationale for considering public fund divestment.