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Sierra Club Welcomes CalPERS’ $71 Billion Climate-Solutions Investment Milestone, Urges Fund to End Financing of Fossil Fuel Expansion
SACRAMENTO, CA — On Monday, the California Public Employees’ Retirement System (CalPERS) reported that the value of investments it classifies as climate solutions reached $71 billion as of June 30, 2026, up from $59.7 billion a year…
AI Summary
The California Public Employees’ Retirement System (CalPERS) announced that its climate‑solutions investments reached $71 billion as of June 30, 2026, up from $59.7 billion a year earlier. The Sierra Club praised the milestone, noting the fund’s growing commitment to climate‑focused assets. However, the organization urged CalPERS to stop financing any expansion of fossil‑fuel projects, calling for a complete shift away from new carbon‑intensive investments. The club’s statement emphasizes the need for the pension fund to align its future allocations with climate‑risk mitigation goals.
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