California pension fund loses 71% of $468 million clean energy investment, refuses to explain how
10/30/2025 / By Cassie B.
CalPERS lost 71% of a $468 million green energy investment.
The fund’s value plummeted from $468 million to just $138 million.
This represents a catastrophic loss of more than $330 million for public employees.
The investment was a politically-driven ESG strategy that proved financially unsound.
CalPERS has declined to provide transparency on the details of the failed investment.
https://www.climate.news/2025-10-30-california-pension-fund-loses-money-no-explanation.html
