Ari’s Blog
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Revestment at CalPERS
CalPERS should divest from fossil fuels. CalPERS’ opposition to divestment does not make sense. Instead, CalPERS should “revest” its money into other assets, preferably more beneficial assets such as clean energy solutions. Fossil fuel divestment seeks to remove financial investments from companies involved in the fossil fuel industry (see, e.g., Howard E 2015). In California,…