Rebecca E
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CA Spouters...
This article provides every reason that CalPERS and CalSTRS should divest from fossil fuels. The funds without fossil fuels outperformed those w/ Fossil Fuels by .5%. What is .5% times $15 billion? That's 75 million in losses for CA's State pensions & continuing to fuel the fires.
04:30 PM - Jun 17, 2023
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AnDMusic
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I thought this was for sure true like 3 years ago before seeing record.profits for oil and gas companies, now I feel like deleraging is great but to remove yourself completely with no diversification in the sector is potentially harmful to Cal residents (maybe still worth it though but Idk)...
In response to Rebecca E.
04:43 PM - Jun 17, 2023
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