Just don’t ask Calpers for any investment advice!
The Nation says:
It is time to shift money into solutions to climate change. These solutions in particular need investment, and a lot of it, now. While one college or pension may not be able to finance the move to a new, low-carbon economy themselves, when many shift their investments they can dramatically increase investments in this area.
Notwithstanding the ideologies of the greenies, this IS a capitalist world, and nothing that has a red bottom line can endure long. Not only Calpers but also several national governments have seen the green agenda bleeding red ink.