Promises, Promises: Evaluating CalPERS’ Climate Engagements

Photo. Firefighter is shown in silhouette against flames in background.

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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What Does Divestment Cost? Misinformation from CalPERS and CalSTRS

Callout that reads Hyberbole in the Hearings: Pension Funds Exaggerate the Cost of Divestment

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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Divest CalPERS

Since CalPERS is the largest public pension fund in the U.S., getting CalPERS to divest from fossil fuels has been a key goal of Fossil Free California (FFCA) since we…

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