California Senator Revives $15 Billion Oil Divestment Battle

A contentious California bill aimed at compelling the state’s two largest pension funds to divest approximately $15 billion in oil and gas assets has stalled for the third consecutive year, but the bill's architect has vowed to renew her push with a more formidable coalition of climate activists in the coming legislative session, Bloomberg said on Friday. State Senator Lena Gonzalez, a prominent Democrat from Los Angeles County, announced plans to reintroduce legislation that mandates the California Public Employees’ Retirement systems …