The California state Senate has passed SB 252, a bill aimed at phasing out fossil fuel investments from CalPERS and CalSTRS, the two largest public pensions in the U.S. The bill received significant support, with a majority vote of 22 to 10. CalPERS and CalSTRS collectively hold over $44 billion in fossil fuel assets, and their divestment is seen as crucial in addressing the climate crisis.

Read more about it here.