CalPERS invests $500 million in green-energy fund - Capitol and California - fresnobee.com
CalPERS today said it has invested $500 million in a new green-energy fund.
The California Public Employees' Retirement System said the new investment will be spread among a broad group of companies that generate power from wind, solar and other renewable sources.
Rather than hire an external manager, CalPERS will manage the fund itself. The investments will mimic a climate-change investment index developed by investment bank HSBC.
The investment is in addition to about $2 billion CalPERS has committed to green-related investments in the past four years, said spokesman Clark McKinley.
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2 comments:
Well, just in case the Ca retirement fund, unlike say NY or NJ, is solvent, this should fix that within a couple of years...
See there is an advantage to the MSM boycott on anything not AGW orthodoxy -- these imbeciles never head of CCX.
T
his just ads to the fun of watch the whole state devolve into a third-world shit hole.
No reason CA's public sector shouldn't join the fun ride down the toilet with everyone else.
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