Posted inPolitics

Divest or Exert Influence? A Proposed Bill Would Force CalPERS, CalSTRS to Sell Off Investments in Dakota Access Companies

SAN FRANCISCO (Reuters)—The California Public Employees’ Retirement System should maintain its investments in the controversial Dakota Access oil pipeline project in order to exert influence over the companies involved, staff for the largest U.S. public pension fund said on Monday, Feb. 6. Proposed state legislation would require CalPERS, a $300 billion fund, to divest from […]