Hollywood Stars Press Pension Plan to Sell Fossil-Fuel Assets
Mark Ruffalo, Rosario Dawson, other actors and campaigners want union SAG-AFTRA to drop oil and gas investments from the plan.
SAG-AFTRA headquarters in Los Angeles.
Photographer: Chris Delmas/AFP/Getty ImagesTop Hollywood actors are teaming up with activist groups to pressure the leading entertainment union, the Screen Actors Guild and the American Federation of Television and Radio Artists (SAG-AFTRA), to drop fossil-fuel investments from one of its pension plans.
SAG-AFTRA has about 160,000 members and offers different pension plans, dating to before the merger of SAG and AFTRA. The new campaign is targeting trustees of the SAG-Producers Pension Plan, which has assets of about $5 billion. It has at least $100 million invested in fossil fuels, according to an analysis by Sphere, which promotes climate-friendly retirement investments.