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HCR 170/HR 120 Urging EUTF to Divest from Fossil Fuel Investments

The House Committee on Labor & Public Employment

Tuesday, March 22, 2016

10:30 a.m., Room 309

RE: HCR 170/HR 120 Urging The Employees’ Retirement System and Employer–Union Health Benefits Trust Fund (EUTF) to Divest from Fossil Fuel Investments

Attention:    Chair Mark Nakashima, Vice Chair Jarrett Keohokalole and Members of the Committee

The University of Hawaii Professional Assembly (UHPA) supports the intent of these resolutions, which are urging the Employees’ Retirement System (ERS) and EUTF to divest the majority interest of their respective fossil fuel investments by 2021.  

Both the ERS and EUTF have governing Boards of Trustees that have the jurisdiction in this matter.  Passage of these measures will identify divestment of fossil fuel investments as a fiscal concern that needs to be considered.

We thank you for the opportunity to support the intent of these measures.

Respectfully submitted,

Kristeen Hanselman                                                                                                                                               Executive Director