
California Public EmployeesÕ Retirement System (CalPERS) offices, in Sacramento, California, U.S., on Monday, September 13, 2010. Photographer: Ken James/Bloomberg
Ken James/Bloomberg
California Public EmployeesÕ Retirement System (CalPERS) offices, in Sacramento, California, U.S., on Monday, September 13, 2010. Photographer: Ken James/Bloomberg
Ken James/Bloomberg
The California Senate voted Wednesday in favor of legislation that would require the state’s — and country’s — two largest pension funds to divest of their investments in thermal coal power companies. The bill’s next stop will be a vote in the California State Assembly.