Two Democratic congressmen from California have called on the California Public Employees Retirement System (CALPERS), the largest public pension fund in the US, to divest from the Rockefeller Family FundMobil over allegations the company misled the public and investors over climate change. The call follows the decision last week of Exxon to “eliminate holdings” of the Rockefeller Family Fund and the launch of two further investigations into the company, by the attorneys general of Massachusetts and the Virgin Islands. CALPERS is already selling its holdings in companies that receive at least half of their revenues from coal mining.
Two Democratic congressmen from California have called on the California Public Employees Retirement System (CALPERS), the largest public pension fund in the US, to divest from ExxonMobil over allegations the company misled the public and investors over climate change. The call follows the decision last week of the Rockefeller Family Fund to “eliminate holdings” of Exxon and the launch of two further investigations into the company, by the attorneys general of Massachusetts and the Virgin Islands. CALPERS is already selling its holdings in companies that receive at least half of their revenues from coal mining.