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On Oct. 8, 2015, California Governor Jerry Brown signed Senate Bill 185 into law, requiring the state’s two public pension funds, CalPERS and CalSTRS, to divest their investments in companies that derived at least 50 percent of revenues from thermal coal.

On Jan. 25, 2016, California’s Insurance Commissioner Dave Jones also urged insurance companies operating in the state to wind down their investments in thermal coal.

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