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California Senate Shoots Down CalPERS' Private Debt Secrecy Bill; Board Hissy Fit Reveals It Never Questioned Staff Misrepresentations

California Senate Shoots Down CalPERS' Private Debt Secrecy Bill; Board Hissy Fit Reveals It Never Questioned Staff Misrepresentations
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AFGE Endorses Rep. Cleaver's RESPOND Act to Protect Federal Pensions From Financial Risks of Climate Change

U.S. Representative Emanuel Cleaver, II applauded the American Federation of Government Employees, the largest federal employee union, representing over 700,000 federal workers, for endorsing his legislation to address climate-related risks to federal pensions. In March, Congressman Cleaver introduced the Restructuring Environmentally Sound. ....

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Why needless growth isn't needed

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Stop investing in companies that explore for needless new drilling sites they’re wasting their money and ours. That’s what Deborah Silvey, president of Fossil Free California, told the board of CalPERS, the largest U.S. public pension fund, at a meeting more than two years ago. It seems pretty prescient now.
I was reminded of that meeting this week as the International Energy Agency warned that we’re actually completely out of time for oil and gas exploration. In its landmark Net Zero report, the IEA said that there is still a path to limit global warming to 1.5 degrees Celsius and avert the worst effects of climate change, but to do so we have to cease oil and gas exploration immediately. ....

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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 Stop Line 3 banner on January 29, 2021. (Photo: Tim Evans/NurPhoto via Getty Images) ....

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