California’s Public Pension Funds Incurred $5 Billion Loss Due To Fossil Fuel Companies

By Joshua S. Hill

California’s two public pension funds, California Public Employees’ Retirement System (CalPERS) and California State Teachers’ Retirement System (CalSTRS), suffered a loss of over $5 billion over the last financial year due to investments in the world’s 200 largest oil, gas, and coal companies (by carbon reserves).

http://cleantechnica.com/2015/08/20/californias-public-pension-funds-incurred-5-billion-loss-due-fossil-fuel-companies/

money down the drain

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