CalPERS rebuts criticism of its $6.5bn coal holdings as “baffling”

Pension giant locks horns with NGO that says some of its coal investments could violate state law

CalPERS has $6.5bn invested in coal, millions of which potentially violates both state law and the fund’s own divestment policies, a new NGO report has alleged – a claim the largest US pension fund has dismissed as “misleading” and “baffling”.

Published this week, the report from …

You must have a SUBSCRIPTION or FREE TRIAL to view this PAID content.

Already got a Subscription or Free Trial?

Login here.

Not got a Subscription or Free Trial?

Sign up for a Free Trial here to access this PAID content.

One Free Trial per user; if your Free Trial has expired, please email subs@responsible-investor.com.

Copyright © 2020 RGM.