Opinion: CalPERS pension fund should divest fossil fuel holdings
Engagement efforts with Shell, Chevron, Exxon Mobil have failed to produce meaningful change to slow climate change.
Source: mercurynews.com
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Engagement efforts with Shell, Chevron, Exxon Mobil have failed to produce meaningful change to slow climate change.
Commentary: “CalPERS’ sustainability plan offers greater clean energy investments, but remains woefully inadequate for today’s climate crisis.”
The $462 billion pension giant will more than double those assets as it aims to halve the carbon-emissions intensity of its investments by 2030.
“When CalPERS gets engaged, we know they can get results,” said one advocate.
The nation’s largest public pension fund is giving more weight to its investments’ climate risks.