California Pension Thermal Coal Divestment Would Be a First
If the proposal passes, California would be the first state to divest its pensions, the two largest in the U.S., from thermal coal.
Katie Gilbert
December 17, 2025
California Public EmployeesÕ Retirement System (CalPERS) offices, in Sacramento, California, U.S., on Monday, September 13, 2010. Photographer: Ken James/Bloomberg
Ken James/Bloomberg
