The California Legislature passed a law compelling CalPERS to divest from the coal in 2015 when the industry was struggling. Today, coal companies are rebounding and CalPERS does not have a stake in them.
The California Legislature passed a law compelling CalPERS to divest from the coal in 2015 when the industry was struggling. Today, coal companies are rebounding and CalPERS does not have a stake in them. Nati Harnik Associated Press file photo, 2014
The California Legislature passed a law compelling CalPERS to divest from the coal in 2015 when the industry was struggling. Today, coal companies are rebounding and CalPERS does not have a stake in them. Nati Harnik Associated Press file photo, 2014

The State Worker

Chronicling civil-service life for California state workers

California pension fund divests from coal as industry rebounds

August 07, 2017 1:46 PM

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The Sacramento Bee launched The State Worker blog in 2008 to cover state government from the perspective of California government employees. Every day The Bee filters the news through a single question: "What does this mean for state workers?" Subscribe to alerts on state pay, benefits, pensions, contracts and jobs at sacbee.com/newsletters. Twitter: @TheStateWorker.