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 ...
When Ambition And Ideology Outpace Reality And Prudent Policymaking
Turns out the electric trucks aren’t selling well, so manufacturers will be able to build more diesel trucks than regulations were allowing them to. Yet again, the state tacitly acknowledges that its net-zero ambitions are unrealistic. It was a lesson learned late, though. Several states that followed the California model have backed off their agenda. “California’s blue-state allies in the electric truck transition are getting cold feet,” Politico says in a separate article. The story ...
Desert Push for New Solar Farm Threatens Worker Health, Local Water Supply
In California’s never-ending effort to retain its self-awarded climate MVP trophy, thousands of acres near Desert Center, east of Palm Springs in Riverside County, will be “cultivated” to accommodate a solar farm. The Intersect Power project, centered on a 390-megawatt solar array with an adjacent battery storage site, was unanimously approved in August by the county Board of Supervisors. “The decision was made in “a ‘doozy’ of a public hearing in which retirees begged the ...
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