The Unseen Oil Within CalPERS' Climate-Focused Investment Strategy
The California Public Employees' Retirement System (CalPERS), one of the largest public pension funds in the United States, is under scrutiny for its investment strategies that are purportedly aligned with climate change goals. A recent examination of its portfolio reveals a somewhat contradictory approach, as the fund still holds significant investments in the oil and gas sector, raising questions about the sincerity of its commitment to environmental sustainability.
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CalPERS Targets Chevron and Saudi Aramco as Climate Investment Risks
The California Public Employees' Retirement System (CalPERS), the largest public pension fund in the United States, has recently identified Chevron and Saudi Aramco as significant climate investment risks. This decision comes as part of a broader push for sustainable investment practices and a response to growing pressures regarding environmental, social, and governance (ESG) concerns.
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