CalPERS Cuts Off Nose to Spite Pensioners in Bid to be PC

Managers of the California Public Employees Retirement System (CalPERS) are investing in solar projects to be PC, against the interests of its pensioners.

What would you say is the main responsibility of a pension fund? If you came up with the intuitive “to pay out pensions,” you’re right. Unfortunately, too many pension fund managers seem to treat their role as a soapbox for advocating their personal beliefs using other people’s money. And “Point of No Returns,” a report released this week by the American Council for Capital Formation (ACCF), found that California pensioners and taxpayers will be paying the price for this investment activism.

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“We Were Wrong. Methane Isn’t So Bad After All. Sorry.”

Posted by Thomas J Shepstone on January 23, 2018 at 9:12am 0 Comments

An academic study on methane goes bad. Will anyone in the press notice? Dan Markind reports and reminds environmentalists to be careful what they wish for.

Earlier today, the Journal of Geophysics…



January 2018

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