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  • Why did CalPERS stick with tobacco ban?

    By one estimate, CalPERS has missed out on $3 billion in financial returns by refusing to buy tobacco stocks. But the pension giant decided in 2016 to stick with the ban despite a recommendation from its staff that the ban be relaxed.

By one estimate, CalPERS has missed out on $3 billion in financial returns by refusing to buy tobacco stocks. But the pension giant decided in 2016 to stick with the ban despite a recommendation from its staff that the ban be relaxed. Dale Kasler The Sacramento Bee
By one estimate, CalPERS has missed out on $3 billion in financial returns by refusing to buy tobacco stocks. But the pension giant decided in 2016 to stick with the ban despite a recommendation from its staff that the ban be relaxed. Dale Kasler The Sacramento Bee

CalPERS opts to keep ban on tobacco stocks

December 19, 2016 01:24 PM

UPDATED December 21, 2016 10:37 AM

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More Videos

Take a look inside The Prickly Pear, Oak Park's new succulent nursery 0:56

Take a look inside The Prickly Pear, Oak Park's new succulent nursery

This Lake Tahoe home is on market for $1.57 million 1:25

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Take a look at Bee readers' awesome Christmas light displays 0:52

Take a look at Bee readers' awesome Christmas light displays

Friend wants 'more than a headstone for Chris' 2:03

Friend wants 'more than a headstone for Chris'

Flooding After Fire: California Department of Water Resources explains the risk 5:46

Flooding After Fire: California Department of Water Resources explains the risk

Meet Folsom High's star football brothers, Joe and Daniyel Ngata 1:19

Meet Folsom High's star football brothers, Joe and Daniyel Ngata

Retired fertility doctor pleads guilty to inseminating patients with own sperm 0:51

Retired fertility doctor pleads guilty to inseminating patients with own sperm

Watch hundreds of Hornets don caps and gowns in time-lapse of Sac State commencement 0:18

Watch hundreds of Hornets don caps and gowns in time-lapse of Sac State commencement

Hungry and thirsty, baby bobcat finds way into Auburn gas station 0:57

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12-year-old's mic is cut off while coming out to her Mormon church 3:55

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