pension funds

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.