Actions Taken to Support Divestment: A Timeline

2015 

  • Minneapolis City Council Resolution pledging continued divestment from fossil fuels and urging all institutions that invest significant amounts of capital to divest from fossil fuels.

2016

  • Minnesota Association of Professional Employees (MAPE) delegate assembly resolution encouraging the State Board of Investment to divest from fossil fuels and reinvest in cleaner energy options.
  • Saint Paul City Council Resolution pledging continued divestment from fossil fuels and urging all institutions that invest significant amounts of capital to divest from fossil fuels.
  • Companion bills in the Minnesota Legislature directing the State Board of Investment to study the financial impacts of divesting from fossil fuels. Chief authors were Senator Sandra Pappas and Representative Melissa Hortman.

2017

  • MAPE resolution encouraging the Minnesota State Retirement System to list one or more fossil-free investment choices in their core investment options for Deferred Compensation.
  • Companion bills in the Minnesota Legislature directing the State Board of Investment to study the financial impacts of staying invested in fossil fuels. Chief authors were Senator Sandra Pappas and Representative Paul Thissen.

2018

  • Minneapolis Park and Recreation Board resolution calling on the State Board of Investment to cease immediately investing in fossil fuels and divest over the period of five years from fossil fuel companies that pose unnecessary risk to employee pension funds.
  • Continuation of the 2017 bills in the legislature.

2019

  • Divestment Forum before the DFL Environmental Caucus meeting and subsequent passage of a resolution calling for divestment of State Board of Investment holdings in fossil fuel companies to be a part of the DFL platform for 2020.
  • Companion bills in the Minnesota Legislature laying out the danger of climate change to Minnesota and the world and directing the State Board of Investment to study the financial impacts of climate change on the security of the state pension. Chief authors were Senator Sandra Pappas and Representative Jamie Long. 
  • Minneapolis Federation of Teachers and Education Minnesota board resolutions calling for divestment of pension funds from fossil fuel companies.

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