Editorial: Shame on California lawmakers for killing fossil fuel divestment bill again [Los Angeles Times (CA)]
Exxon Mobil Corporation (XOM)
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Source: Los Angeles Times
dollars in public employees' retirement money invested in planet-wrecking fossil fuel companies including Exxon Mobil, Chevron and Shell. Lawmakers were considering changing that by forcing the nation's two largest public pension funds to divest their holdings in big oil, gas and coal companies by 2031. Legislation to do so cleared the state Senate last month. But days before a key hearing in the Committee on Public Employment and Retirement this week, its chair, Tina McKinnor (D- Inglewood), presented the author with a lengthy list of non-negotiable amendments. The demands in the 39-page analysis read like a wish list written by the bill's opponents, including the oil industry and the pension fund boards. Rather than accept the changes, bill author Lena Gonzalez (D-Long Beach) pulled the measure and says she will try again in the future. It was an understandable move. The amendments would slash the number of companies and types of investments the pension boards would have to sh
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XOM
Earnings
- 8/2/24 - Beat
XOM
Sec Filings
- 9/25/24 - Form SD
- 8/14/24 - Form 4
- 8/5/24 - Form 10-Q
- XOM's page on the SEC website