Vermont Conservation Voters

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H.R.13 – Resolution on Divesting from Fossil Fuels

Pro-environment vote: YES

The House passed a resolution urging the State of Vermont to divest its pension investment portfolio from stocks that contain holdings in coal and stock in Exxon Mobil, in part because Exxon Mobil deliberately misled the public and its investors on the risks of global warming.  Further, the resolution was intended to acknowledge the urgency of climate change and that – since the planet must move off fossil fuels – investments in these energy sources pose a “stranded asset” risk.

Status: Passed; House vote 76-57.