Environmental lobbyist rally for Pension fund divestment

by Aidan Connelly 

A plethora of environmental lobbyists took to the state capitol yesterday morning following a rally with several, urging congressmen to sponsor bill S1225. The bill aims to deplete holdings of fossil fuel companies from Massachusetts’ public fund by 2020.[soundcloud id='137059152' color='#2a3590']

The bill, which targets the 1.3 billion dollars worth of holdings to fossil fuel companies like Exxon and TransCanda, is a step towards eliminating the state’s reliance on fossil fuels.

This is not the first time 350 Massachusetts, the organization hosting the assembled lobbyists, held an event like yesterday’s. Another rally was held this past September, pushing the same divestment bill.

One of the lobbyists, Somerville resident Shivanni St George, was vocal about her concerns regarding what she says is the greater issue at hand.

“Climate Change is an issue that affects all of us, and we have to do something to help support the environment and cutting down fossil fuels is one of the clearest, simplest ways to do that,” she said.

The lobbyists urged Congressmen to attend a legislative briefing on the bill, which took place earlier this morning. If passed, the bill would require the Pension Reserves Investment Trust (PRIT) to divest their funds by 20% each year for the next five years.

The bill aims to eliminate investment in what supporters see as a dying resource for the State, as the risk of rising global temperatures may make fossil fuels unburnable in the near future.

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