The Fossil Fuel Divestment Act (SB 1173)

The Fossil Fuel Divestment Act (SB 1173) would require CalPERS and CalSTRS to divest from fossil fuels by July 2027. It was introduced by Senator Lena Gonzalez (D-Long Beach) in February, 2022 and is co-sponsored by Senator Scott Wiener. The California Faculty Association is the lead agency sponsor. So far, more than 80 organizations have signed on as endorsers. The California Teachers Association is one of the most powerful public pension stakeholder groups. The CTA's decision to support, watch, or oppose this bill may determine whether or not it becomes law. We encourage all CTA State Delegates to learn about this law and fossil fuel divestment at the Forum on Saturday 3.26 at 4:00 PM at the main ballroom of the Westin/Bonaventure.