Maine Votes Down Anti-ESG Bill, State set to Divest from Fossil Fuels by 2026
Vote keeps current ESG law in tact requiring the $18.5 billion MainePERS and the state treasurer to divest fossil fuel investments by Jan. 1, 2026.
The Maine Legislature killed a bill that would have placed investment restrictions on the Maine Public Employees Retirement System, Augusta, requiring the pension system to ignore "non-pecuniary factors" specifically Environmental Social Governmental (ESG) ideological or political goals.
The bill was introduced April 11 by Rep. Chad Perkins, a Republica…
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