Climate Fix: Can Forcing Pension Funds to Divest from Fossil Fuels Help California Reduce Carbon Emissions?

A bill moving through the California Legislature would require CalSTERS and CalPERS, the nation’s largest pension funds, to pull billions of dollars they have invested in companies that produce fossil fuels. Some experts say divestment is an effective tool to force some of the largest-scale emitters to reduce emissions and move the economy away from fossil fuels. The movement is gaining momentum and plenty of opposition, including from CalSTERS, CalPERS and labor unions. For our next installment of Climate Fix, our monthly series examining global warming solutions, we’ll talk about how divestment works and what it could mean for California.Guests:Laura Klivans, reporter, KQEDAnaya Sayal, campaign coordinator and lead circle member, Youth Vs Apocalypse, a youth-led climate justice group based in the Bay AreaMarilyn Waite, managing director, Climate Finance Fund - a philanthropic platform that helps to mobilize capital for climate solutions.Marcie Frost, chief executive officer, CalPERS - the retirement system for more than 1.9 million California public sector workers and their families with roughly $160 billion in assets.