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Study Shows Pension Funds' Refusal to Divest From Fossil Fuels Cost Retired Teachers, Firefighters, and Public Workers $19 Billion

Originally published at http://www.commondreams.org/news/2019/11/05/study-shows-pension-funds-refusal-divest-fossil-fuels-cost-retired-teachers

CalPERS built on 7% annual return. Hah!
Illinois was at 8% and failed so darn badly that their bonds are junk. Chicago bonds many have received a better grade with new mayor.

For more on California, I offer this long " I told ya so" article by Yves Smith.