Updates
This report looks at CalPERS’ proxy voting patterns and companies’ reports on greenhouse gas emissions to determine the effects of engagement. The report concludes that engagement alone is unlikely to convince fossil fuel companies to transform at the speed and scale required.
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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…
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The “fiscal impact” analysis for the Appropriations Committee in the state Senate or Assembly can make or break a bill. For divestment bills, CalPERS and CalSTRS have repeatedly given imprecise, incorrect, and inflated figures on the costs of divestment, including in the numbers reported to the Appropriations Committee for SB 1173, the Fossil Fuel Divestment Bill.
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CalPERS and CalSTRS manage portfolios worth $466 billion and $323 billion, respectively, so it’s natural for these public pension funds to throw around large numbers. But evidence from the funds…
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The California State Teachers’ Retirement System (or, CalSTRS) prides itself on its shareholder engagement with fossil fuel companies. However, by spending their resources, time, and energy on connecting with oil giants like Exxon, CalSTRS has failed to engage with the shareholders who matter most: their own.
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Photo Courtesy of Wikimedia Commons As we transition towards a sustainable society, the country’s largest public pension fund claims to be doing its part. CalPERS (the California Public Employees’ Retirement…
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San Francisco & California pension funds: divest from both fossil-fuels and dictators! Many of us have been watching the images of terrible destruction and heartbreak from Ukraine. Have you wondered how President…
Read moreToday, Senator Lena A. Gonzalez (D-Long Beach) introduced SB 1173 — the Fossil Fuel Divestment Act — in the California state legislature. The bill would mandate that California’s public pension…
Read moreSci-fi legend Kim Stanley Robinson is on a mission to do everything he can to save the planet we call home, firstly by writing climate fiction novels and then by…
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The California State Teachers’ Retirement System (CalSTRS) has lost over $1.63B since July 2019 from investments in fossil fuel companies, according to new analysis by Fossil Free California.
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