New report reveals California pensions CalPERS, CalSTRS vote NO on Big Oil shareholder climate resolutions

The retirement systems’ failed shareholder engagement efforts with fossil fuel companies has cost their members $11.9 billion in returns California — A report released today from Fossil Free California reveals that California’s public pensions voted to oppose climate action at major fossil fuel companies and financiers during the 2022 Annual General Meeting season. This exposé…

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California Democrats support divestment

On May 17, at their annual convention, California Democrats endorsed a resolution urging CalPERS, CalSTRS, the University of California and California State University endowments, and the University of California Retirement Plan to divest from coal, oil, and gas companies controlling the most unexploited reserves of fossil fuels. The resolution was endorsed by 20 Democratic county committees. In the…

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California emissions are down, but not enough

California is reducing greenhouse gas emissions. Existing laws and regulations have put the state on track to meet our aggresive climate goals for 2020 and 2030. That’s the good news. But we need to do a lot more to avoid catastrophic warming in the longer term. That’s the difficult news. The good news and the difficult news both…

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