The bad news continued for the coal industry on Wednesday as the California Assembly passed a bill that would require the states pension funds CalPers and CalSTRS to liquidate their investments in coal companies. The two public employee pension funds manage a combined $476 billion in assets.
Why Coal?
According to the bill’s author and California Senate President pro Tempore Kevin de Leon, the opposition to public coal investments is not just a matter of dollars and cents. “It’s a nuisance to public health and it’s inconsistent with our values as a state on ...
/www.benzinga.com/etfs/specialty-etfs/15/09/5812097/coal-dealt-another-heavy-blow-in-california alt=Coal Dealt Another Heavy Blow In California>Full story available on Benzinga.com
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