California Legislative Bill Could Ban CalPERS and CalSTRS from Investing in Fossil Fuels

Posted on 02/19/2022

Both CalPERS and CalSTRS have pledged to have a net-zero investment portfolio by 2050 or sooner. The California pension giant CalPERS favors shareholer engagement with oil companies over portfolio divestment. In addition, both public pension funds have taken an activist approach to traditional oil & gas companies like Chevron Corporation and ExxonMobil by prodding them […]

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