Highlights:

• Prohibits the Treasurer of the State and the Board of Trustees of the Maine Public Employees Retirement System from investing assets of any state pension or annuity fund in any stocks or other securities of any corporation or company within the fossil fuel industry or any subsidiary, affiliate, or parent company of any corporation among the 200 largest publicly traded fossil fuel companies by January 1, 2026 (Sec. 1).

Signed by Governor Janet Mills

Vote Smart's Synopsis:

Vote to pass a bill that requires the Public Employees Retirement System to divest from fossil fuel related investments.

Highlights:

• Prohibits the Treasurer of the State and the Board of Trustees of the Maine Public Employees Retirement System from investing assets of any state pension or annuity fund in any stocks or other securities of any corporation or company within the fossil fuel industry or any subsidiary, affiliate, or parent company of any corporation among the 200 largest publicly traded fossil fuel companies by January 1, 2026 (Sec. 1).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that requires the Public Employees Retirement System to divest from fossil fuel related investments.

Highlights:

• Prohibits the Treasurer of the State and the Board of Trustees of the Maine Public Employees Retirement System from investing assets of any state pension or annuity fund in any stocks or other securities of any corporation or company within the fossil fuel industry or any subsidiary, affiliate, or parent company of any corporation among the 200 largest publicly traded fossil fuel companies by January 1, 2026 (Sec. 1).

Full Bill Text