Celebrities Push Their Union To Divest Its Pension Plans From Fossil Fuels - CleanTechnica

The article discusses a campaign led by prominent actors such as Mark Ruffalo, Jane Fonda, and Don Cheadle urging the Screen Actors Guild and the American Federation of Television and Radio Artists (SAG-AFTRA) to divest approximately $100 million of fossil fuel investments from one of its pension plans, which holds about $5 billion in assets. This movement, aligned with broader climate-focused investment trends, highlights the growing concern over the financial and environmental risks associated with fossil fuel investments. Despite increasing investments in clean energy technologies—projected to rise from $1.9 trillion in 2023 to higher amounts in 2024—the International Energy Agency warns that over $1 trillion is still slated for coal, gas, and oil projects, posing risks to financial stability and undermining climate goals. SAG-AFTRA’s pension plans provide retirement income to about 160,000 members based on qualifying years of work and earnings thresholds, which many actors must piece together through multiple contracts. The