NEW BRIEF: CalPERS’ Political Agenda Puts Taxpayers and Retirees at Risk with Low Returns, Higher Unfunded Liabilities
SACRAMENTO – CalPERS – which adheres to a politicized Environmental, Social, and Governance (ESG) agenda – is generating lower returns in its investment strategies compared to a more typical investment strategy, finds a new brief released today by the Pacific Research Institute, a non-partisan California-based free market think tank. CalPERS generated a 10-year average annual return of 7.1% through June 30, 2023. By comparison, PRI’s research shows that a typical diversified investment portfolio of 60 ...
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Should California Go Full Steam Ahead on Offshore Wind Farms? Latest Evidence Says No
One, the concept is untried on an industrial scale. Floating offshore wind turbines, which California believes will provide a full quarter of the state’s electric power by 2045, “is largely underdeveloped in the United States,” host Kevin Sliman says in an interview with two Penn State University Institute of Energy and the Environment professors. “There’s a few kind of like one-off test turbines that are typically much smaller than what you would do on a fixed ...
California’s Next Crime Wave – Fuel Theft
Here are a few examples: On September 27, an Inland Empire resident drove away from her job at an area hospital when her pickup truck puttered to a stop. An investigation showed her tank had been drilled and emptied. A Valero Station in Fremont lost tens of thousands of gallons of diesel to thieves using a device to bypass pump security and transfer fuel into a specially configured pickup truck on July 10. On July ...
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