Californian Pension Funds Face Forced Divestment of Fossil Fuel Holdings
Chris Hall
MAY 17, 2022
The California State Teachers’ Retirement System (CalSTRS) and the California Public Employees’ Retirement System (CalPERS) have “wildly exaggerated” the costs of divesting fossil fuel holdings, according to climate activist group Fossil Free California (FFC). Counting the costs. The funds have estimated combined holdings of US$11.5
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