The Latest Breaking News from Calstrs

Connecticut treasurer race centers on ESG investing

In this week’s edition of Economy and Society:

Ballotpedia · Jul 22

Rent control battle in California heats up, opposing investors pump money

Developers opposed to repeal of Costa-Hawkins Act have raised more than $124m in California.

Al Jazeera · Oct 30, 2024

Tesla shareholder criticizes Elon Musk’s ‘ridiculous’ $56bn pay deal ahead of vote

Chris Ailman, chief of one of the largest pension funds in the US, says he will vote against package

The Guardian - US · Jun 11, 2024

CalSTRS taps Sapphire Partners to manage its new emerging manager VC investments

Sapphire will administer five CalSTRS funds and $1.4 billion in assets.

Fortune · Sep 13, 2023

One Person Stopped California’s Divestment From Fossil Fuels — Again

Assemblymember Tina McKinnor refused to take up the bill in a committee, for the second year in a row, as divestment movement grows.

Capital & Main · Aug 7, 2023

Commentary: California’s pension funds are wrecking the planet and losing billions. It’s quite a trick

I remember, more than a decade ago, sitting down with a financial executive from the Church of England in a plush London office. The organization I co-founded, 350.org, had just launched its fossil fuel divestment campaign, and we were encouraging the Anglicans to join in, on the grounds that Exxon…

Los Angeles Times · Jul 3, 2023

Editorial: California should stop investing its retirement funds in fossil fuels. They’re risky and immoral

California has some of the nation’s leading climate policies, with hard deadlines to slash greenhouse gas emissions, switch to zero-emission cars and trucks and get 100% of its electricity from carbon-free sources. But so far, its leaders have lagged behind other states, like Maine and New York, in using another…

Los Angeles Times · Jun 17, 2023

Last year’s losses at California pension systems were larger than initial reports showed

SACRAMENTO, Calif. — California’s two giant pension systems lost a couple billion dollars more than was previously reported in the volatile markets of the first half of this year.

Tribune News Service · Nov 8, 2022

Plummeting stocks and a Moscow shopping mall. CalPERS is stuck with its Russia investments

California lawmakers turned to the state’s two giant pension systems to punish Russia when the country invaded Ukraine in February, urging the funds to sell off Russian holdings.

Tribune News Service · Jul 25, 2022

Economy and Society: State pension funds draw scrutiny for ESG

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia · Apr 19, 2022