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3h ago
Sierra Club Welcomes CalPERS' $71 Billion Climate Investment Milestone, Urges End to Fossil Fuel Financing
CalPERS reported that its climate-solutions investments reached $71 billion as of June 30, 2026, up from $59.7 billion a year earlier, moving the pension fund closer to its $100 billion goal by 2030. Sierra Club welcomed the progress but urged stronger standards, transparency, and a policy to stop financing fossil fuel expansion, noting that financed emissions rose about 6 percent and implied temperature rise reached 2.9°C.
Sarah Mitchell