Vermont S0072 mandates divestment of state pension funds from fossil fuel investments by 2030, with further divestment from private investments by.
Vermont S0072 requires the Vermont Pension Investment Commission to review the carbon footprint of state pension funds by December 15, 2025, and develop a plan to divest from fossil fuel investments by December 31, 2030. The plan must also include divestment from private investments containing fossil fuel assets by December 31, 2040. The Commission must submit reports on the review and plan to relevant committees by specified dates. The bill allocates funds to support the Commission's efforts and requires annual reports on divestment progress until 2040.
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