CalPERS Prefers Oil and Gas Investments

Posted on 06/26/2023

CalPERS, with assets of US$ 456.6 billion, is hoping to stop a California bill that would prevent additional capital being deployed to oil and gas companies, and cause it to sell US$ 9 billion in current investments. CalSTRS would also be impacted, and is opposing the bill. The bill passed in the Senate and is…

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