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 ImagesTakeaways by Bloomberg AI
Top 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.