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      Tuesday
      Sep292015

      Brown to Sign Historic Divestment Law This Week

      Governor Jerry Brown has agreed to sign historic legislation divesting California from coal this week, ending King Coal’s long dominance as a power source for California.

      Two close observers say that Brown has agreed with environmental leaders to do so. A third source says that Brown is likely to sign the bill but nothing is final until he wields his pen. Environmentalists ignored the legislation which one described as “a left flank on the 350 passage.” Based on a student campaign to “divest and invest in clean power”, I drafted and took the bill to Sen. Kevin De Leon at the beginning of session. He fortunately agreed and the bill drew the strong support of Tom Steyer. It passed both houses before any of the 350 bills were passed and amended. This victory for the divestment movement with have great significance in itself, and also b a precedent for identical initiatives across the land. This is exactly how the divestment campaigns began on South Africa and Big Tobacco. Stay tuned.

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