Will California s largest pensions, CalPERS and CalSTRS, divest from fossil fuels? – Lake County Record-Bee record-bee.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from record-bee.com Daily Mail and Mail on Sunday newspapers.
Climate activists and some lawmakers want two of California’s pension funds to shed about $15 billion of fossil fuel holdings. They say the move would reduce oil and gas companies’ political power, but opponents say it would be a bad move financially.