Editorial: California should stop investing its retirement funds in fossil fuels. They're risky and immoral

Contributing sentiments towards policy:

48% : CalPERS says that its divestment in tobacco companies more than two decades ago has cost $4.2 billion in returns and that its divestment from South Africa in the late 1980s and early '90s lost $6.7 billion, but that its divestments in Iran, firearms manufacturers and thermal coal were neutral or made money.
47% : In a world where the effects of climate change are intensifying, the necessary and accelerating shift to renewable energy makes these investments too volatile and risky to hold onto long-term.
47% : Beyond that, it is clear that renewable energy is the future and that holding onto the planet-destroying and health-damaging oil, gas and coal industries is a risky bet on the technology of the past.
38% : The UC system completed selling off more than $1 billion in fossil fuel investments three years ago after determining that putting funds in clean energy was more promising than gambling it on fossil fuels that pose an "unacceptable financial risk."

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