The Colorado House Finance Committee missed an opportunity Monday to move state pension funds (Public Employees’ Retirement Association, or PERA) onto a more financially and environmentally sound footing. In an 8-2 vote against the proposed new law (PERA Divestment From Fossil Fuel Companies, HB21-1246), lawmakers held onto mistaken assumptions about the stability of fossil fuel investments. Those views are no longer accurate and do not reflect today’s reality.