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The Sacramento Bee, Calif. Knight Ridder/Tribune Business News
Feb. 4--PENSION FUNDS URGED TO GO GREEN: California Treasurer Phil Angelides said Tuesday that he will ask California's two major pension funds to invest $1.5 billion in environmentally minded companies and mutual funds.
Angelides proposed that the California Public Employees' Retirement System and the California State Teachers' Retirement System -- the nation's first- and third-largest public pension funds, respectively -- invest $1 billion in "environmentally screened" mutual funds and $500 million directly in companies that develop clean technologies.
The treasurer, who is a trustee of both systems, is also asking the pension funds to audit their $16 billion in real estate holdings …