CALIFORNIA: California’s top public pension system says it will more than double its climate-focused investments to US$100bil by 2030 and consider selling stocks in companies with poor plans for the energy transition.
Staff of the California Public Employees’ Retirement System (CalPERS) said the plan will boost returns for the US$444bil system, the largest in the US, plus cut in half its portfolio’s “emissions intensity”, a measure of emissions relative to output.
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