Trend Fail: Pension Divestment. Investment Gains v. Politics.

What divestment triggered a rethinking of the divestment? Tobacco divestment by CALPERS

When did CALPERS Divest from tobacco? 2001

Why the tobacco divestment? CALPERS has a social responsibility to not invest in cancer causing products

Why the change of heart? A study showed CALPERS left $3BILLION off the table by divesting

Governing | The Week in Public Finance: CalPERS’ Rethinks Tobacco Divestment, Fact-Checking Illinois’ Exodus and Income Recoveries