Editorial: CalPERS must ditch fossil fuel investments. Its new 'sustainable' plan doesn't do that

Contributing sentiments towards policy:

53% : In a state that prides itself on its climate leadership, there is obvious hypocrisy in using the retirement money of state employees and teachers to prop up companies that profit from the burning of oil and gas that's causing a catastrophic overheating of our planet.
52% : CalPERS and CalSTRS have billions invested in fossil fuels, from multinational oil giants such as ExxonMobil and Chevron to government-owned companies in China and Saudi Arabia.
45% : Instead, they believe in supporting even heavily polluting oil companies so long as they have committed to transitioning to lower-carbon technology.
40% : California's two big public pension funds have been under increasing pressure to divest from fossil fuels as other big institutional investors move to shed their holdings in oil companies and other heavily polluting industries.

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