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 ...
Should Climate Change Be a Graduation Requirement?
“UCSD’s new course requirement;” she says, “is intended to prepare students for the future.” There’s nothing wrong with teaching climate science. It is a legitimate discipline, just as physics, meteorology, geology, oceanography and astronomy are academically valid sciences. But there’s no reason to require every candidate “for a bachelor’s degree” who was “admitted to UC San Diego as a first-time, first-year student in fall 2024 or thereafter” to have a “knowledge of climate change.” Unless ...
Learn more about recycling hypocrisy
AG Bonta’s Recycling Hypocrisy Will Harm Consumers
California’s Attorney General Rob Bonta is suing ExxonMobil over accusations of deception. Allegedly, the company deceived Californians for nearly 50 years “by promising that recycling could and would solve the ever-growing plastic waste crisis,” even though ExxonMobil knew that it could never handle “more than a tiny fraction of the plastic waste it produces.” The AG may envision himself as an environmental savior, but his lawsuit is merely a hypocritical ploy to garner political attention ...
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