California’s state pension funds move closer to divesting from coal

Emilio Cogliani

In the latest Keep it in the ground update, a key vote is passed in the push to get US’s two largest pension funds to move out of thermal coal, plus we invite health professionals to sign an open letter asking Wellcome to divest

A key vote in the campaign to get California’s state pension funds to divest from thermal coal was passed this week.

The California Public Employee Retirement System (Calpers) and the California State Teachers Retirement System (CalSTRS) are the US’s largest pension funds, holding $299bn (190bn) and $193bn in respective assets. Calpers currently holds at least $100m in at least 20 thermal coal mining companies.

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from Environment | The Guardian http://ift.tt/1BS3H18

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California’s state pension funds move closer to divesting from coal

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