Category: divestment

Los Angeles Calls for State Pension Funds to Divest From Fossil Fuels

April 5, 2022
climate changedivestmentfossil fuelLocal NewsLos AngelesLos Angeles city councilRegional NewsRegional-Local NewsSouthern CaliforniaUS
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LOS ANGELES—A Senate bill to have the Public Employees’ Retirement System and the State Teachers’ Retirement System divest from fossil fuels was supported by the Los Angeles City Council on April 5. The council passed a resolution, introduced by Councilman Paul Koretz, to support Senate Bill 1173, which was introduced by Sen. Lena Gonzalez (D-…

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Chinese Workers Demand Better Severance Pay as Samsung Heavy Industries Shuts One Plant

September 16, 2021
ChinaChina Business & EconomyCorporations TrappeddivestmentFinance & Business TiesSamsungship buildingSocial IssuesSpecial Topics
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A large-scale protest broke out on the premises of Samsung Heavy Industries Ningbo (SHI Ningbo) on Sept. 9. Around 1,500 local employees demanded better compensation schemes after the company announced plans to close its plant in Ningbo city, south of Shanghai. The company issued a letter on Sept. 10, stating that all employees would be terminated. SHI is…

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