SBI to Divest from Coal Companies
The Minnesota State Board of Investment adopted a resolution at its meeting on May 29 to divest from coal companies that derive 25% or more of their revenues from the extraction or production of thermal coal. News stories on this development, one national, one local:
- Pensions & Investments (P&I): "Minnesota State Board votes to divest from thermal coal firms"
- City Pages: "Minnesota quietly decides to divest from coal"
The SBI also resolved to adjust the public pension funds' asset allocation policy in response to the COVID-19 recession. ResolutionSee previous Minnesota News articles