REVEALED: 2 - The Real Truth

In blue California, lawmakers struggle to drop fossil fuels from state pensions

California could soon divest its public pensions from fossil fuel companies, as the state legislature looks to force the nation’s largest non-federal retirement funds to sell off nearly $15 billion in assets.

Tribune News Service · Jul 17, 2023

Commentary: California’s pension funds are wrecking the planet and losing billions. It’s quite a trick

I remember, more than a decade ago, sitting down with a financial executive from the Church of England in a plush London office. The organization I co-founded, 350.org, had just launched its fossil fuel divestment campaign, and we were encouraging the Anglicans to join in, on the grounds that Exxon…

Los Angeles Times · Jul 3, 2023

Don't Let Culture Wars Weaken the Financial System

In California, officials are pushing pension funds to divest from fossil fuels, firearms manufacturers, and tobacco companies. Red states are retaliating. This is madness.

Reason · Jun 23, 2023

COVID, flu, RSV: The benefits of advocating for boosters in the workplace–and how to go about it

The return to the office has turned into a superspreader event.

Fortune · Dec 9, 2022

Last year’s losses at California pension systems were larger than initial reports showed

SACRAMENTO, Calif. — California’s two giant pension systems lost a couple billion dollars more than was previously reported in the volatile markets of the first half of this year.

Tribune News Service · Nov 8, 2022

Economy and Society, September 27, 2022: House Financial Service Committee addresses ESG

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia · Sep 27, 2022

Black Swan Hedge Funds Are Booming in Scary Times

Money managers are selling insurance against sudden market drops, but the strategy is expensive and doesn’t always pay off when the market falls.

Businessweek · Jul 27, 2022

Plummeting stocks and a Moscow shopping mall. CalPERS is stuck with its Russia investments

California lawmakers turned to the state’s two giant pension systems to punish Russia when the country invaded Ukraine in February, urging the funds to sell off Russian holdings.

Tribune News Service · Jul 25, 2022

Benzinga Before The Bell: Snap's Dismal Earnings, Amazon's Healthcare Foray, Robinhood Moves 41B Dogecoin Into Single Wallet And Other Top Financial Stories Friday, July 22

Reuters

Benzinga · Jul 22, 2022

California pension fund reports $29 billion loss, first since Great Recession, amid market turmoil

The California Public Employees' Retirement System reported a loss of more than 6% last fiscal year, its first negative investment return since the Great Recession, the state pension fund said Wednesday.

Los Angeles Times · Jul 21, 2022