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Bills call for CalPERS to divest from Border Wall, DAPL - but is it wise?

SACRAMENTO, CA - JULY 21:   A sign stands in front of California Public Employees' Retirement System building July 21, 2009 in Sacramento, California. CalPERS, the state's public employees retirement fund, reported a loss of 23.4%, its largest annual loss. (Photo by Max Whittaker/Getty Images)
Max Whittaker/Getty Images
A sign stands in front of California Public Employees' Retirement System building July 21, 2009 in Sacramento, California.

A number of bills have been introduced in the CA Legislature to call for CalPERS - the state’s public pension pen - to pull money from companies associated with a range of projects, including the construction of the border wall and the Dakota Access Pipeline.

A number of bills have been introduced in the CA Legislature to call for CalPERS - the state’s public pension pen - to pull money from companies associated with a range of projects, including the construction of the border wall and the Dakota Access Pipeline.

But CalPERS has come out to say that the divestitures would hurt taxpayers.  

Guests:

Adrian Martinez, staff attorney at the environmental law firm, EarthJustice

Randy Diamond, reporter at the trade publication, Pensions and Investments, who covers CalPERS and CalTRS

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