The California State Teachers ' Retirement System , California Public Employees ' Retirement System and Colorado 's government have collectively lost $ 19bn over the past 10 years from investments in the fossil fuel industry , according to Corporate Knights . On Wednesday, retired teachers in California plan to attend a CalSTRS meeting to demand answers about why the fund invested their retirement savings in fossil fuels. It said Colorado 's pension fund for state retirees had losses equal to $ 1 per member . Grassroots campaigners called for the funds to divest from the loss - making extractive sector as the renewable energy industry grows . Total assets vowing to divest rose 22,000 % to $ 11.5tn from $ 52bn between 2014 and 2019 .
The California State Teachers ' Retirement System , California Public Employees ' Retirement System and Colorado 's government have collectively lost $ 19bn over the past 10 years from investments in the fossil fuel industry , according to Corporate Knights . It said Colorado 's pension fund for state retirees had losses equal to $ 1 per member . Grassroots campaigners called for the funds to divest from the loss - making extractive sector as the renewable energy industry grows . Total assets vowing to divest rose 22,000 % to $ 11.5tn from $ 52bn between 2014 and 2019 .