Washington SB5439 mandates divestment of state investment funds from thermal coal companies by 2030.

Washington SB5439 requires the state investment board to divest funds from thermal coal companies by January 1, 2030. The bill defines a thermal coal company as one deriving at least 10% of its revenue from thermal coal, generating 10% or more of its power from coal, or involved in coal mining, exploration, or infrastructure. The board must report annually on divestment actions and may retain investments if a company transitions to clean energy. The bill also mandates monitoring of companies transitioning to clean energy and annual reviews of the definition of thermal coal company.

Washington SB5439 mandates divestment of state investment funds from thermal coal companies by 2030.

Washington SB5439 requires the state investment board to divest funds from thermal coal companies by January 1, 2030. The bill defines a thermal coal company as one deriving at least 10% of its revenue from thermal coal, generating 10% or more of its power from coal, or involved in coal mining, exploration, or infrastructure. The board must report annually on divestment actions and may retain investments if a company transitions to clean energy. The bill also mandates monitoring of companies transitioning to clean energy and annual reviews of the definition of thermal coal company.