Pathway 5.

Electricity Decarbonization → Phasing Out the Use of Fossil Fuels for the Generation of Electricity

5.7.14 Divesting from Fossil Fuels

LPDD Recommendation: “Municipal utilities and electric cooperatives should divest ownership of their coal-fired generating units.”

LPDD Recommendation: “Rural electric cooperatives should divest ownership of their coal-fired generating units.”

11 Resources Found, Displaying 1 thru 10

Maine HP 65

Jurisdiction: State Legislatures

Orders the State Treasurer and Public Employees Retirement System to divest fully from fossil fuel companies by 2026.

Report, Managing Climate Risk in the Financial System

Jurisdiction: Executive Branch

Concluded that climate change threatens U.S. financial markets, as the costs of wildfires, storms, droughts and floods spread through insurance and mortgage markets, pension funds and other financial institutions.

Climate Action 100+

Jurisdiction: Private Entities

Investor-led initiative to pressure companies to curb emissions, improve governance, and strengthen climate-related financial disclosures.

San Francisco’s Resolution to Divest from Coal and Tar Sands Insurers

Jurisdiction: Local Governments

San Francisco passed a resolution in 2018 to screen municipal insurers for investments in and underwriting of coal and tar sands projects and to end relationships with insurers that do not have a full divestment plan.

New York’s Divestment of the Common Retirement Fund from Fossil Fuels

Jurisdiction: State Agencies

The state adopted a goal to transition its $226 billion portfolio to net zero greenhouse gas emissions by 2040.

New Mexico’s SB 489

Jurisdiction: State Legislatures

Will shut down a coal power plant by creating a system to sell bonds that would make up for the money the utility would lose by closing the facility.

Colorado Energy Plan

Jurisdiction: Public Utilities, State Public Utility Commissions

Xcel Energy will shut down two of the three units at the Comanche coal plant near Pueblo Colorado, and replace that power with a mix of new renewable energy and battery storage projects along with existing natural gas plants.

Los Angeles Dept. of Water and Power Coal Divestment

Jurisdiction: Public Utilities

The Los Angeles Department of Water and Power reduced its coal consumption by 25% in 2016 with the divestiture from the Navajo Generating Station, part of a plan to divest from all coal sources by 2025.

PSEG Coal Divestment

Jurisdiction: Public Utilities

The Public Service Electric and Gas Company has announced that it will retire or sell all remaining interests in coal-fired power plants, and has no plans to build or acquire new fossil-fueled generation.

Report, A Low Cost Energy Future for Western Cooperatives

Jurisdiction: Local Governments, Public Utilities

Estimated that the Tri-State Generation and Transmission Association could save at least $600 million by 2030 by using their coal plants less and investing in more renewable energy.