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The Latest Breaking News from Calstrs

Connecticut treasurer race centers on ESG investing

In this week’s edition of Economy and Society:

Ballotpedia

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

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

From analysis to the latest developments in health,
read the most diverse news in one place.

Complete List Of Everyone Against Elon Musk's $56B Pay Package And Why They're Voting 'No'

Tesla shareholders clash over Elon Musk's massive $56 billion pay plan. Retail investors hold the key vote on June 13.

International Business Times UK

J.P. Morgan, State Street withdraw from Climate Action 100+

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

A surprising number of lobbyists are pulling strings for Silicon Valley

An interesting, but little-known compliance requirement makes private equity and VC firm employees register as lobbyists.

Fortune

Andreessen Horowitz is adding major California pension funds to its LP base for the first time, records show

A16z has raised $400 million from CalPERS for a new fund, and it is seeking at least one investment from CalSTRS.

Fortune

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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

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

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

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

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

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

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

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