Search Results for: divestment

California lawmakers are pushing CalPERS to divest from the controversial Dakota Access Pipeline, but pension fund staff have balked at that recommendation, arguing that the country’s largest pension fund can more effectively engage with companies if it remains a shareholder. This is the latest instance of the ongoing debate over divestment at public pension funds. … Continue reading Staff: CalPERS Shouldn’t Pull Out From Dakota Access Pipeline

The New York City Employees’ Retirement System voted on Thursday to divest from its holdings in three big retailers who sell firearms. The fund is also pushing Walmart to stop selling guns in its stores. The campaign was led by trustee Leticia James. From the New York Times: The $59 billion New York City Employees’ … Continue reading New York City Pension Drops Gun Retailer Holdings

Many companies in the U.S. are boycotting Israel as part of the “boycott, divestment, and sanctions” campaign. Now, state lawmakers are looking to boycott that boycott. New Jersey House lawmakers are expected to pass legislation that would ban pension investment in companies currently boycotting Israel. If those investments have already been made, the pension fund … Continue reading NJ Lawmakers Set To Pass Bill Banning Pension Investment in Companies Boycotting Israel

Reporter Ed Mendel covered the Capitol in Sacramento for nearly three decades, most recently for the San Diego Union-Tribune. More stories are at Calpensions.com. Should CalPERS continue a 16-year-old ban on highly profitable tobacco investments or consider reinvesting after a lengthy study, risking a public-relations black eye and controversy? A committee with all 13 CalPERS … Continue reading CalPERS Splits on Studying Tobacco Reinvestment

CalPERS divested from tobacco-related assets in 2001. But the topic re-surfaced last week, when a consultant report estimated the pension fund had missed out on $3 billion in investment gains during the 15 years CalPERS had been tobacco-free. The report has trustees weighing whether to get back into tobacco. But Phil Angelides – former California … Continue reading CalPERS Should Say No to Tobacco, Says Former Treasurer