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). billion in fossil fuel investments that would need to be divested under SB 1173.
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