Let State of WI employees divest their retirement funds from fossil fuels

Let State of WI employees divest their retirement funds from fossil fuels

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Josie Lathrop started this petition to State of WI Investment Board

The State of WI Investment Board (SWIB) manages the assets of the Wisconsin State Retirement System (WRS). Participants in the WRS include current and former employees of Wisconsin state agencies and most local governments. 

According to the SWIB, the WRS is the 8th largest public pension fund in the US and the 25th largest public or private pension fund in the world. Over 600,000 individuals currently participate in the WRS. At this time, WRS participants have no option to select funds that don’t include investments in the fossil fuel industry. 

As climate change poses an existential threat to humans and other species, many institutions and individuals are choosing to divest their money from the fossil fuel industry. Earlier this year, Senator Jeff Merkley introduced legislation that would give federal employees the option to divest their pension funds from the fossil fuel industry. The individuals invested in WRS should have the choice to select stock options free from fossil fuel investments. 

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