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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

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UC drops investments in response to activists’ gripes

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

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Moody’s: Energy edict will hammer SoCal municipal utilities

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

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Utah coal controversy hits CA Bay Area

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

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Pension funds’ goal: High returns or symbolic stands?

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

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CARB draws sharp fire on AB 32 — from the left

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

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CA media finds de Leon guilty of not being Steinberg

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,

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Coal ban would boost tax cost of pensions

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,

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

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

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CA Sierra Club rips energy source that’s cut emissions: natural gas 7

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”

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