CalPERS, CalSTRS face fossil fuels ban
Two of the world's largest pension funds could be forced to divest all fossil fuel companies and be banned from making any further investments under a new bill.
Source: financialstandard.com.au
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California May Require Pension Divestment from Fossil Fuels
A bill introduced by the state Senate would require CalPERS and CalSTRS to divest a combined $9.9 billion and prevent future investment in companies considered to have the greatest potential for future emissions.
Source: governing.com
Investing in Destruction: California Teachers Pension Money Should Not Be Funding Line 3
PENSION POLITICS--Environmental organizers across the country are converging in Northern Minnesota in support of Indigenous Water Protectors, to stop the construction of the Line 3 pipeline expansion. Across the country, people are protesting, sending letters, and making calls to demand that President Biden shut down the construction of Line 3 just as he called for the shut down the Keystone XL pipeline in January. They are also demanding that banks, insurance companies and pensions divest from Enbridge, the pipeline owner. (Photo above: Protests march through downtown St. Paul, MN with a ...
Source: citywatchla.com