Virginia Retirement System and local retirement systems; fossil fuel divestment, report. (HB645)
Introduced By
Del. Kaye Kory (D-Falls Church) with support from co-patron Sen. Jeremy McPike (D-Dale City)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Virginia Retirement System and local retirement systems; fossil fuel divestment; report. Requires the Virginia Retirement System and local retirement systems to divest from fossil fuel companies by January 1, 2027. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/11/2022 | Committee |
| 01/11/2022 | Prefiled and ordered printed; offered 01/12/22 22100318D |
| 01/11/2022 | Referred to Committee on Appropriations |
| 01/19/2022 | Assigned App. sub: Compensation and Retirement |
| 01/26/2022 | Impact statement from VRS (HB645) |
| 01/27/2022 | Subcommittee recommends passing by indefinitely (6-Y 1-N) |
| 02/15/2022 | Left in Appropriations |
Comments
Only a Democrat or a complerte idiot would be in favor of this bill. At a time when almost every sector is hurting - except the fossil fuel sector - why would you divest yourself of your mosrt valuable and appreciating assests? Oh, sure - because you're stupid and think that wind and solar will become more efficient by selling your fossil fuel assests. Here's a better idea - make wind and solar (with efficient and environmentally favorable battery storage) more effective when the wind is not blowing and at night. Then, when they become good investments, let's invest in them!