News

California lawmakers could force CalPERS to sell oil company stocks - San Francisco Chronicle

San Francisco Chronicle · last updated

California lawmakers could force CalPERS to sell oil company stocks
Climate activists and some lawmakers want two of California’s pension funds to shed about $15 billion of fossil fuel holdings to reduce oil companies’ influence. George Rose/Getty Images

Climate activists and retirees have pushed retirement funds in Maine and New York to sell their stocks in fossil fuel companies. The push is called “divestment” and is a move that the University of California has embraced as well.

Now, divestment may be coming to more pensions near you.

View full article

Related Knowledge Center: ENERGY BASICS: petroleum

State of Play

While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

More information

here today, more tomorrow

We’ve launched briefing.center with a focus on the press and media.

And we’ve added Citizen Cartwright, a daily quick-read news summary by veteran Washington journalist Linda Cartwright. We’ve also created a new voting rights knowledge center for Citizen Cartwright subscribers. (You can sign up for a dedicated morning email at citizencartwright.com.)

You can sign up here for full access to press and media and Citizen Cartwright on briefing.center.

You can use briefing.center as the center of your information management, or just one of your tools. We’re happy to discuss your information needs.

Sign up