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Divesting from Fossil Fuels

MCLI 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.”

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11 resources

Example States and State Governments

Maine HP 65

Maine this week became the first state in the nation to pass a law requiring divestment of public funds from oil, gas, and coal companies. The legislation directs that “The Treasurer of State and the ...
Resource Local Governments

Report, Rural Electrification 2.0

Members of the RE-AMP Network published a 2019 report, Rural Electrification 2.0, which investigates pathways for coal plant transition at rural electric cooperatives in the Midwest, including bailout...
Example Private Entities

Climate Action 100+

Climate Action 100+ is an investor initiative to pressure the world’s largest corporate greenhouse gas emitters take necessary action on climate change. The companies targeted by this initiative inclu...
Example Public Utilities

Los Angeles Dept. of Water and Power Coal Divestment

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 202...
Example Local Governments

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

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...
Example States and State Governments

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

New York’s Decarbonization Advisory Panel developed an April 2019 report advising the State’s Common Retirement Fund how to proceed in considering its fossil-fuel exposed investments going forward. Th...
Resource Executive Branch

Report, Managing Climate Risk in the Financial System

In 2020, a report commissioned by the Commodity Future Trading Commission, the federal regulators overseeing the nation’s commodities markets, concluded that climate change threatens U.S. financial ma...
Resource Local Governments

Report, A Low Cost Energy Future for Western Cooperatives

The Rocky Mountain Institute published a 2018 report, A Low Cost Energy Future for Western Cooperatives, which estimated that the Tri-State Generation and Transmission Association, (a partnership of 4...
Example Public Utilities

PSEG Coal Divestment

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 generat...
Example Public Utilities

Colorado Energy Plan

Under the Colorado Energy Plan, approved in 2018, 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 ...
Example States and State Governments

New Mexico’s SB 489

New Mexico’s SB 489 (2019) 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. Costs are rate-based to...