Video & Transcript Research : 'divestment'

Page 2 of 16
KY
Transcript Highlights:
  • Um, we understand that Kentucky Power intends to divest 50% of the undivided interest in Mitchell Power
  • When will they divest the interest in the Mitchell Power Plant?
  • its interest in intention of divesting its interest in Mitchell.
  • Witness: Well, to divest of that plant would require an order from the regulator.
  • Well,<00:26:52.800> to<00:26:53.440> to<00:26:53.560> divest<00:26:53.960> of
Summary: The committee met for an initial natural resources hearing with a quorum present and introductory housekeeping, including prayer, roll call, and recognition of guests. Chair Smith outlined ground rules for questions and then invited Kentucky Power and American Electric Power representatives to the table to discuss a proposed plan involving the Mitchell Power Plant and future generation needs in Eastern Kentucky. Witnesses Cindy Wiseman, Alex Vaughn, and AEP CEO Bill Fehrman said the company’s goals are to stabilize and lower rates, reduce rate volatility, and expand generation in the Commonwealth. They explained that Kentucky Power seeks legislative authority to securitize its 50% interest in the Mitchell coal plant, describing securitization as a refinancing mechanism that would lower annual plant costs by about $34 million and help offset roughly one-third of the expected cost of adding new generation in Kentucky. They emphasized that the proposal is not intended to close Mitchell, and said Kentucky Power currently has no plan to divest its interest; the company still needs the plant to serve customers while it pursues additional dispatchable generation in Kentucky. Members pressed the witnesses on the plant’s book value versus fair market value, whether the Mitchell interest had ever been assigned a nominal value, how any divestiture proceeds would be handled, whether Kentucky Power owns Wheeling Power, and how long Mitchell can continue operating. The company said it values Mitchell at net book value for accounting purposes, not fair market value, and explained that Wheeling Power is a separate AEP affiliate and that West Virginia affiliates have already proposed securitization of their share. Witnesses said Kentucky Power’s interest cannot technically operate past 2028 without additional environmental control investment, while the West Virginia side is depreciating through 2040. They also described the financing timeline, saying securitization would require enactment of legislation, a PSC financing order, bond issuance, and then parallel work to acquire or build new generation, with any reinvestment terms to be addressed through the regulatory process.
MA

Massachusetts 2025-2026 Regular Session

Combatting Antisemitism Jun 21st, 2026 at 11:00 am

Transcript Highlights:
  • And also yesterday, the city of Somerville passed a non-binding boycott, divestment, and sanctions measure
  • are never antisemitic, using double standards against Israel or using certain types of boycott, divestment
  • to talk about is some of the damaging conduct that we've seen happen on campuses with respect to divestment
  • to talk about is some of the damaging conduct that we've seen happen on campuses with respect to divestment
  • Whether or not you think that divestment is a policy idea, we've heard firsthand accounts in Somerville
Keywords: 995, all
Summary: The Special Commission on Combating Antisemitism met to hear testimony from Chief James Hicks of the Natick Police Department, who chairs the Municipal Police Training Committee, and Chief Thomas Fowler of the Salisbury Police Department. They described the statewide civil-rights-officer model for hate-crime response, the HEART Unit, and MPTC training authority under POST, and urged the commission to recommend incorporating the IHRA definition of antisemitism into police training and to fund that effort. Commissioners asked about how law enforcement should handle antisemitic incidents that may not rise to crimes, the 2022 Mapping Project, masking during protests, and the role of HART; the chiefs said departments can update training quickly, that every department should have a trained civil-rights officer, and that HART’s expertise should be integrated statewide. The commission also approved the October 16, 2025 minutes after correcting an initial procedural error. The rest of the meeting focused on the draft report, especially the prefatory statement and the definition section. Commissioners broadly praised the report’s scope and the chairs’ work, but offered many edits aimed at tightening language, reducing advocacy tone, and clarifying the “Massachusetts way” of combating antisemitism. Several members wanted stronger emphasis on Massachusetts values, education, moral leadership, and the distinction between hate incidents, hate crimes, and statutory offenses; others urged clearer references to constitutional protections, First Amendment limits, and Attorney General review of legal statements. There was also discussion of whether to keep or remove references to alternative definitions of antisemitism: some commissioners argued that only the IHRA definition should be centered, while others said acknowledging other definitions was factually important and would reflect the range of testimony. Commissioners also raised specific substantive edits for later sections, including adding examples such as the 2022 Mapping Project, strengthening language on online intimidation, academic boycotts, and divestment campaigns, and clarifying that some conduct may be hateful even if lawful. In the higher education section, members praised recommendations on mandatory training, bystander intervention, trauma-informed responses, mental health supports, and campus climate surveys, while suggesting a few technical edits and additional best-practice examples. No final votes were taken on the draft report during this portion; the chairs said they would incorporate feedback into a revised draft before the remaining meetings and eventual vote.
WA
Transcript Highlights:
  • investments that it must make to keep Washington healthy, whole, and well in the face of federal divestment
  • policy to be an impetus to invest in artificial intelligence, and the goal of that technology is to divest
  • policy to be an impetus, to invest in artificial intelligence, and the goal of that technology is to divest
  • the fact that many of these corporations are actively investing in technology that is designed to divest
  • we're not applying the same scrutiny that we have to those business practices, which are designed to divest
Summary: The meeting was a press conference and Q&A led by Rep. Shaun Scott to promote the proposed Well Washington Fund, a new dedicated account intended to raise about $3 billion annually through a corporate payroll tax on wages above $125,000. Scott said the bill would help offset expected federal cuts under Trump-era policies and support programs most at risk, including cash assistance, higher education, health care, housing, and wildfire mitigation. He also referenced two related proposals: restoring wildfire mitigation funding by ending a tax break for large banks, and allowing counties to raise corporate taxes. Several advocates and affected residents testified in support of progressive revenue. Michelle Thomas of the Washington Low Income Housing Alliance warned that federal homelessness policy changes and state underinvestment could worsen homelessness and evictions. Christina Savitsky, a disabled veteran, described how Medicaid, food assistance, and work requirements would affect her family. Representatives from the University of Washington AAUP said federal cuts and Medicaid changes threaten teaching, research, workforce training, and hospital finances. Fatima Boxwala of Tech for Taxes and Mikey Stramskis of the Washington Federation of State Employees argued that large corporations and the wealthy should pay more to sustain public services and address understaffing, burnout, and service backlogs. In the Q&A, Scott said the bill may need an emergency clause to make it referendum-proof and argued that the legislature has a mandate to act, citing the 2024 capital gains tax referendum and the state’s regressive tax system. He acknowledged concerns about businesses leaving but said he was more concerned about working people being displaced by unaffordable housing, child care, and health care. No vote or formal committee action occurred; the event was a call for a hearing in the House Finance Committee in 2026 and for legislative passage in both chambers.
FL

Florida 2025 Regular Session

March 25, 2025 - 12:00 PM

Transcript Highlights:
  • It clarifies the scope of prohibited foreign debt, removes the mandatory divestment trigger that was
  • Since its inception in 2005, the boycott, divestment, sanctions movement, which the representative is
  • Since its inception in 2005, the boycott, divestment, sanctions movement, which the representative is
  • The International Court of Justice has ruled boycott, divest, and sanction is it not just a right?
  • You have no right to impede our right and duty to divest from an apartheid system that does not have
Summary: The Government Operations Subcommittee heard a long agenda of bills covering education, public safety, local government, labor relations, and foreign policy. Early measures included HB 1055, which would support Florida State University’s Election Law Center; CS/HB 4073, a Leon County local bill updating career service rules for sheriff’s office employees; CS/HB 253, creating penalties for license plate obscuring devices and misuse of emergency-style lights; and HB 293, codifying the Office of Faith and Community in the Governor’s Office and creating a liaison and advisory council. Members raised questions on academic freedom in HB 1055 and on church-state concerns and oversight in HB 293, but both bills advanced after supportive testimony from university, faith-based, and law enforcement representatives. The committee also approved HB 4029, a local bill for the Greater Naples Fire Rescue District, and HB 889, requiring classroom driver education for minors before licensure, with supporters emphasizing roadway safety and teen crash reduction. The committee then took up PCS/HB 731, which would require standardized testing for admission to health-related degree programs at state universities. The sponsor argued the bill would ensure qualified applicants and objective admissions standards, while several members and public witnesses raised concerns that it would duplicate existing requirements like the MCAT and create unnecessary barriers; the bill still passed, though with several no votes. HB 1519, expanding Florida’s anti-BDS law to cover academic boycotts, nonprofits, local governments, and certain grants, drew strong support from Jewish organizations and strong opposition from speakers who argued it chilled free speech and punished criticism of Israel. After an amendment narrowing and clarifying parts of the bill, it passed favorably as a committee substitute. The most contentious debate came on HB 1387, a major overhaul of Public Employees Relations Commission procedures and public-sector union rules. Supporters said the bill would streamline PERC processes, improve fairness, and address cases where unions were certified with very low participation; opponents, including teachers and labor advocates, said it weakened collective bargaining and public employee rights. After a strike-all amendment and extensive testimony, the bill passed as a committee substitute. The committee also approved HB 351, which adds extreme speeding to reckless driving and increases penalties, after removing impoundment language in an amendment, and PCB GOS 25-07, preserving a public records exemption for minors seeking judicial waiver of parental notice/consent for abortion. The meeting adjourned after all measures were reported favorably.
TX

Texas 89th Regular

State Affairs Apr 28th, 2025

State Affairs

Transcript Highlights:
  • The mechanism for divesting, causing the Attorney General's office to seek a receiver or seek the appointment
  • I'll note this: kind of the final difference between this bill and Chairman Heffner's bill is the divestment
  • They have a two-year period to divest that real estate themselves before... the State of Texas has the
  • as we work our way through this, I know that there is some ideological opposition to this idea of divesting
  • people in, gather testimony, ultimately with a view to the Attorney General's office being able to divest
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Public Service Jun 21st, 2026 at 01:00 pm

Joint Committee on Public Service

Transcript Highlights:
  • I come here today to testify for important legislation to require public pension fund divestment from
  • Several of our sister states already have taken the opportunity to divest from irresponsible corporate
  • gun and ammunition manufacturers. ...our sister states already have taken the opportunity to divest
Keywords: 995, all
Summary: The committee heard testimony on several public service and retirement-related bills. Senator Kelly Dooner and Rep. O’Rourke supported a Taunton home rule petition to extend Chief Walsh’s service during the city’s transition to a new public safety facility, citing the need to manage new equipment, cameras, and 911 systems smoothly. Senator Lovely testified in favor of bills expanding retirement savings access through the SMART Plan and the CORE Plan, arguing that automatic enrollment and broader eligibility would help state, municipal, and nonprofit workers save for retirement. No questions were raised on the Taunton petition, and the hearing later moved through the remaining testimony without any votes taken during the transcript. Mary Waldron of the Old Colony Planning Council and Jeffrey Walker of the Southeast Regional Planning and Economic Development District urged support for legislation protecting regional planning agencies from being required to make retroactive payments to the State Retirement Board for past employer contributions. They warned that the costs would be unsustainable, could force layoffs or closures, and would jeopardize their ability to provide transportation, housing, economic development, and planning services. Bill Keith and Patrick Charles of PEREC testified on several retirement administration bills, including measures to ease statement-of-financial-interest filing rules, require payment for certain creditable service purchases, and clarify the definition of wages to include sick, vacation, and personal time; committee members asked questions about regional transit authorities joining retirement systems and about adding local retirement board representation to a proposed commission. Jonathan Osimo and Rob Fabino of the Massachusetts Teachers Retirement System supported bills to penalize delinquent pension reporting by employers and to create a special commission to study retirement credit purchases, saying better reporting would improve retirement processing and that a broader review could improve fairness and sustainability. Eddie Boynton of the Braintree Education Association backed the SMART Plan bill, describing how automatic enrollment and low-fee fiduciary oversight could protect educators from high-cost supplemental retirement products. Matthew Nugent testified for a bill to divest public pension funds from firearms and ammunition. After the final witnesses, the chairs asked if anyone else wished to testify, heard none, and then adjourned the hearing.
US
Transcript Highlights:
  • It looked like I come across something that's saying that you were willing to divest from your own.
  • gave me the option of resigning from some things or maintaining a role, and I chose voluntarily to divest
  • I understand that, but you just talked about how you voluntarily took steps to be able to divest.
  • I am fully divesting. the exact numbers at my fingertips, but they were all disclosed to the Office of
  • I'm proud of everything that I've done, and I'm more than happy to acknowledge that I've agreed to divest
Summary: The meeting primarily focused on various executive nominations and their implications on labor and health affairs. Significant discussions surrounded the nomination of Mr. Sonderling as the Deputy Secretary of Labor, with members expressing concerns about workforce cuts affecting veterans and Social Security employees. There was also a debate led by a member regarding the authority and influence of private individuals, specifically citing Elon Musk's involvement in government decisions. Such discussions raised questions about transparency and accountability within governmental agencies, leading to a proposal for Mr. Musk to provide testimony before the committee.
OK

Oklahoma 2026 Regular Session

Judiciary and Public Safety Oversight Mar 3rd, 2026 at 10:30 am

Judiciary and Public Safety Oversight

Transcript Highlights:
  • foreign nationals and entities from owning real property or agricultural land in Oklahoma, forcing divestment
  • The current law, while it does call for divestment of current landholdings, there's no Incentive or penalty
  • Believe that it would be upheld in court for us to force divestment tomorrow.
  • builds on existing Oklahoma law by actually adding teeth to our law with felonies and mandatory divestment
TX

Texas 89th Regular

Homeland Security, Public Safety & Veterans' Affairs Apr 2nd, 2025

Homeland Security, Public Safety & Veterans' Affairs

Transcript Highlights:
  • The federal government has also taken action, including the Thrift Savings Plan divestment in President
  • It's time to divest from the Chinese Communist Party.
  • This bill would not just provide for divestment in China, it also provides for divestment of assets in
  • There's legislation passed on it. that could force those investments out, maybe they'll divest, maybe
  • Repeat violators should face increasing consequences including mandatory divestment.
MA

Massachusetts 2025-2026 Regular Session

Senate Session Jun 21st, 2026 at 11:00 am

Massachusetts Senate Floor Meeting

Transcript Highlights:
  • The report of the Pension Reserve Investment Management Board submitting its 2024 divestment from...
  • The report of the Pension Reserve Investment Management Board submitting its 2024 divestment from Iran
Keywords: 995, all
Summary: The Senate opened with the Pledge of Allegiance, then briefly recessed while waiting for another party. During the session, the Clerk presented a report from the Pension Reserve Investment Management Board on its 2024 divestment from Iran, Russia, Sudan, and certain other companies; the report was ordered printed in the Senate Journal and placed on file. A resolution offered by Ms. Creem recognizing the 80th anniversary of the liberation of the Auschwitz concentration camp and International Holocaust Remembrance Day was taken up and adopted by voice vote. No debate or opposition was recorded. The Senate then adopted an order to adjourn and subsequently agreed to adjourn until Thursday at 11:00 a.m. The chamber adjourned accordingly.
TX
Transcript Highlights:
  • House Bill 34 allows state investment entities to delay divestment if immediate action would cause significant
  • If a concern arises about an investment, The bill states that we move toward divestment, but if immediate
  • This provides an incentive to disclose if they are not immediately divesting.
  • I'll go through a series of reasons why I think it's important to divest and why I think that this legislation
TX

Texas 89th 2nd C.S.

State Affairs May 12th, 2025

State Affairs

Transcript Highlights:
  • It's a crucial measure to, uh, divest Texas taxpayer retirement funds from companies comp, uh, com.
  • investments and, uh, executive action in November of 2024, Governor Abbott mandated that state agencies divest
  • investment strategies with national security interests and fulfill our fiduciary responsibility by divesting
TX

Texas 89th Regular

State Affairs May 12th, 2025

State Affairs

Transcript Highlights:
  • I appreciate the opportunity to lay out Senate Bill 667 today; it's a crucial measure to divest Texas
  • In response to foreign investments, executive action in November 2024 mandated that state agencies divest
  • investment strategies... ...with national security interests and fulfill our fiduciary responsibility by divesting
US
Transcript Highlights:
  • I will divest, meaning I will sell all of my interests, all of my business interests, all of my assets
  • I will be divesting within 90 days upon my confirmation.
  • For some of us, myself, I for office I also divested of all my holdings—not quite as many as yours or
  • I know you have divested.
  • Well, I plan to divest upon my confirmation, and I will have sold everything, and I will have no business
CA

California 2025-2026 Regular Session

Assembly Judiciary Committee Jun 30th, 2026

Judiciary

Transcript Highlights:
  • It does not force divestment. Yeah, I'm saying we're not exempt from SB 880.
  • If I was there is no divestment requirement at all. Correct. May I add a point of clarification?
  • It does not force divestment. Yeah, I'm saying we're. law and then builds upon it.
  • It does not force divestment. Yeah, I'm saying we're not exempt from SB 880.
  • If I was there is no divestment requirement at all. Correct.
Keywords: 988, house, all
TX

Texas 89th 2nd C.S.

State Affairs Apr 28th, 2025

State Affairs

Transcript Highlights:
  • They have a two year period to divest that real estate themselves before the state of Texas has the ability
  • our way through this, um, I know that there is, um, some ideological opposition to this idea of divesting
  • who's not supposed to have real estate in Texas under the bill, they have a two-year safe harbor to divest
  • people in, gather testimony, ultimately with a view to the attorney General's office being able to divest
  • definition of agricultural land ensnares family gardens and small ranches while it's retroactive divestment
MN
Transcript Highlights:
  • We have to consider the total level of investment or divestment that we're willing to tolerate.
  • We have to consider the total level of investment or divestment that we're willing to tolerate.
  • We have to consider the total level of investment or divestment that we're willing to tolerate.
  • We have to consider the total level of investment or divestment that we're willing to tolerate.
  • We have to consider the total level of investment or divestment that we're willing to tolerate.
Keywords: 919, house, all
Summary: The committee heard House File 2591, the “Support Medicaid Not Millionaires Act,” laid over for possible inclusion in the 2025 taxes bill. Chair Gomez said the bill would create a fifth individual income tax tier on very high earners to offset any future federal Medicaid cuts, arguing that proposed federal budget changes would likely reduce Medicaid funding and create a large state budget hole. Gomez and other supporters framed Medicaid as essential for children, long-term care, mental health, substance use treatment, rural hospitals, and families across Minnesota, and criticized federal tax cuts for corporations and wealthy individuals. Several testifiers supported the bill. A SEIU Healthcare worker described how Medicaid supports her care for a disabled son and her own health needs, warning that cuts would threaten home care, hospitals, and nursing homes. A public health employee from the Minnesota Association of Professional Employees said recent state and federal layoffs had already weakened public health capacity and urged additional revenue to backfill losses. Other supporters, including community and faith leaders, said the wealthy and corporations should pay more to protect public services, youth programs, and Medicaid-funded care. A mental health provider testified that most of the people served by her clinic rely on Medicaid and that cuts would harm clinics, rural access, and the broader behavioral health system. Representative Anderson questioned whether the bill would affect Medicaid spending tied to undocumented immigrants and asked for data on MinnesotaCare and federal-state funding shares. Department of Human Services staff clarified that he was referring to MinnesotaCare, not Medicaid, and said Medicaid is generally matched by the federal government while MinnesotaCare does not have the same match. The exchange became contentious when Gomez objected to Anderson’s use of the term “illegal immigrants” and redirected the discussion back to the bill. Anderson also raised concerns about Medicaid fraud and whether the proposal would backfill any federal changes related to fraud enforcement. No vote was taken; the bill was simply laid over.
FL
Transcript Highlights:
  • COMPANIES TO ADOPT AND ADHERE TO THE PRINCIPLES WITH RESPECT TO CUBA AND VENEZUELA WE ARE REQUIRED TO DIVEST
  • ARE REQUIRED TO ENGAGE THE COMPANY BY PLACING IT ON THE SCRUTINIZED COMPANIES THE BOYCOTT IS LIST DIVEST
  • HOSPITAL 771 WHICH PROHIBITED INVESTMENTS IN CHINESE AND PRICES AS AN ADDITION AND ACTIVELY UNDERGOING DIVESTMENT
Keywords: 999, senate, all
MA

Massachusetts 2025-2026 Regular Session

Combatting Antisemitism Jun 21st, 2026 at 01:00 pm

Transcript Highlights:
  • When the Student Government Association voted on BDS, boycott, divestment, and sanctions, they scheduled
  • to students and faculty: as you know, the BDS movement has been on campuses for 20 years, but not divested
  • , sanctioned, which singles out Israel for a lot of inflammatory efforts Boycott, divest, and sanction
  • out Israel for a lot of inflammatory efforts and tries to have universities boycott, sanction, and divest
  • I refer often to BDS not as boycott, divestment, and sanctions, but binaries, divisions, and silos.
Keywords: 995, all
Summary: The meeting opened with approval of the July 9, 2025 minutes and a roll call confirming quorum. DESE Commissioner Pedro Martinez gave his first official testimony, affirming the department’s commitment to preventing antisemitism and societal bias in schools, saying DESE supports the commission’s recommendations and will add staff resources to help develop and disseminate guidance and instructional materials. He said DESE’s rubric and guidance for identifying effective curricula and resources should be finalized in late fall, and commissioners welcomed the partnership and asked about the ongoing Section 98A work. The commission then heard from Professor Eitan Hirsch of Tufts, who presented research on antisemitism and campus climate. He described survey findings showing sharply different Jewish and non-Jewish views on Israel, increasing social pressure on Jewish students, and a growing tendency for Jewish students to hide their identity or feel penalized for participating in Jewish life. He argued that colleges need to do more to teach students how to handle dissent and build cultures of viewpoint diversity, and commissioners asked about best practices, regional differences, and the role of campus climate surveys. Rabbi Fine of UMass Amherst Hillel and student Sky Landau testified about antisemitism at UMass, especially since October 7. Fine described both a thriving Jewish student community and serious incidents including harassment, vandalism, classroom issues, protests, and students hiding Jewish identity; he said the university is working with Hillel and DEI leadership on goals and strategy for Jewish inclusion, and he urged more training and structured dialogue. Landau described antisemitic incidents she experienced or witnessed, including hostile BDS meetings, exclusion of Zionist students, Holocaust denial, threats, and social ostracism, and said Hillel was the only consistently safe space for her. Commissioners discussed reporting pathways, affinity groups, mental health supports, and ways to distinguish criticism of Israel from antisemitism. Later, the commission moved to its recommendations and made several edits before voting, including deleting offensive wording in a footnote, adding a citation to recent FBI hate crime data, and restoring language tied to an existing DESE regulation, 603 CMR 26.05, on classroom neutrality and fact-based instruction. Commissioners also reiterated that criticism of Israel’s government is not inherently antisemitic. The meeting included a brief interruption by a protester, after which the commission recessed and then resumed its work on the draft recommendations.
FL
Transcript Highlights:
  • A separate requirement to divest from companies and other didn't entities that boycott Israel on the
  • It reverts to current all regarding the public funds exception from the divestment requirements of 2,
  • 15, 4, 7, 5, 2, 5, in those instances where the divestment would cause significant impact to the fund
  • I see how the boy I a book write divestment and sanctions movement is now primarily targeting cities
Keywords: 999, senate, all