San Diego Unified Calls on Pension Funds to Divest from Fossil Fuels

August 25th, 2016
The San Diego Unified School District’s (SDUSD) Board of Education unanimously passed a resolution on July 26th calling on the California State Teachers’ Retirement System (STRS) and the California Public Employees’ Retirement System (PERS) to divest their investment portfolios of stocks in fossil fuel companies. Recognizing the threat of global warming, the resolution also supports last year’s state legislation, SB 185, which requires PERS and STRS to divest from coal stocks. Most of SDUSD’s employees belong to these huge retirement systems.