Deals
Calpers Urged to Divest From Automakers That Relax Fuel Standards
- California congressional Democrats send letter to Calpers CEO
- Trump administration wants to roll back emissions rules
Photographer: David Paul Morris/Bloomberg
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A group of congressional Democrats representing California urged the state’s pension system to divest from any car manufacturer that follows the Trump administration’s plan to relax emission standards.
The California Public Employees’ Retirement System should take such action to demonstrate the importance of fuel efficiency standards and the groundbreaking role the state has played in this arena, a group led by Representative Mark DeSaulnier wrote in a letter to the organization Tuesday.