With their governor’s signature making it law, Maine legislators have become the first in the United States to order state officials to sell fossil fuel assets. Other public pension systems, including New York City’s, have moved to divest shares in oil and gas companies on concerns about their role raising global temperatures. read more But the directive signed into law on Wednesday by Maine Governor Janet Mills, a Democrat, is the first to be passed by statewide legislation, backers said. Compared with decisions by fund officials, the law’s passage marks “quite a bit more of a significant lift,” said Richard Brooks, climate finance director for Stand.earth, one of the advocacy groups that supported it. Representatives for Mills did not return messages on Thursday and have […]

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