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California push for coal divestment raises concerns

SACRAMENTO – Unlike the sellers of most other products or services, insurance companies receive payments from their customers in exchange for future promises. If you wreck your car, they will pay for the damage. If you die, they will pay out

UC drops investments in response to activists’ gripes

Chris Reed December 31, 2015

For the second time in three months, University of California pension administrators have ended their investments in specific industries after receiving complaints from student activists, spurring criticism that investments should be focused on returns — not on making political or

Moody’s: Energy edict will hammer SoCal municipal utilities

Chris Reed October 23, 2015

Assembly Bill 32, the landmark 2006 law requiring California to begin shifting to cleaner-but-costlier forms of renewable energy, hasn’t hit consumers as hard as some economists feared for an ironic reason: Dirtier “brown energy” got cheaper. The U.S. fracking/shale revolution

Utah coal controversy hits CA Bay Area

James Poulos May 2, 2015

Hard up for a sizable market, Utah’s coal producers have inked a big new deal to use Oakland’s deep-water port to ship their product to Asia. “Terminal Logistics will start building the $250 million Oakland Bulk and Oversized Terminal at

Pension funds’ goal: High returns or symbolic stands?

Chris Reed April 11, 2015

Government pension funds around America have for years been pressured to take stands on political issues by investing or not investing in particular companies or industries. Pension fund managers bent on maximizing returns typically push back, especially in an era

CARB draws sharp fire on AB 32 — from the left

Chris Reed December 29, 2014

David Roberts — a Grist.org journalist who has an easy command of energy issues that makes his NRDC-style environmentalism easier to take — has written a sharp piece about AB 32. Roberts details what he calls an “avoidable mess” in the

CA media finds de Leon guilty of not being Steinberg

Chris Reed December 22, 2014

There has been steady turnover in the leadership of the state Assembly every few years, so there is plenty of evidence that most new speakers get the equivalent of a honeymoon. Certainly that’s been true of current Speaker Toni Atkins,

Coal ban would boost tax cost of pensions

John Seiler December 19, 2014

California public pensions already have a big problem with adequate funding. The nonpartisan state Legislative Analyst pegs the pensions’ unfunded liabilities at $340 billion. It should be obvious what the investment strategy should be for the California Public Employees System,

Hydropower AB 32 scam as bad as one L.A. Times detailed

Chris Reed October 27, 2014

The Los Angeles Times had a good analysis over the weekend of how AB 32 is being gamed in ways that make suspect its claims to be cleaning up the environment. California’s pioneering climate-change law has a long reach, but

CA Sierra Club rips energy source that’s cut emissions: natural gas

CalWatchdog Staff July 7, 2013

July 8, 2013 By Chris Reed A visit to the California Sierra Club’s priorities page illustrates one of the funniest and most ironic public-policy developments of our time. The club’s top three priorities are getting California “Beyond Coal,” “Beyond Oil”