California Public Employees' Retirement System , California Public Employees' Retirement System and Colorado 's PERA have collectively lost $ 3,000 over the past 10 years from investments in the fossil fuel industry, according to The California State Teachers' Retirement System . It said Colorado 's pension fund for state retirees had losses equal to $ 11.5tn per member. The Corporate Knights study makes that easier by showing they have billions of dollars to gain as well. Grassroots campaigners called for the funds to divest from the loss-making extractive sector as the renewable energy industry grows. Managed assets vowing to divest rose 22,000 percent to $ 11.5tn from $ 52bn between 2014 and 2019 .
California Public Employees' Retirement System , California Public Employees' Retirement System and Colorado 's PERA have collectively lost $ 3,000 over the past 10 years from investments in the fossil fuel industry, according to The California State Teachers' Retirement System . It said Colorado 's pension fund for state retirees had losses equal to $ 11.5tn per member. Grassroots campaigners called for the funds to divest from the loss-making extractive sector as the renewable energy industry grows. Managed assets vowing to divest rose 22,000 percent to $ 11.5tn from $ 52bn between 2014 and 2019 .