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CalPERS steps up on climate change
CalPERS headquarters, downtown Sacramento. (Photo: CalPERS)CalPERS is a leader in forming a first-ever global alliance of large investors that would use its combined shareholder clout to engage companies with the most carbon emissions, believed by scientists to contribute to climate change. The CalPERS board was told last week that its staff is working with others to complete the plan in time for an introduction at a United Nations investor meeting next month in Berlin, followed by a public launch in November at a UN climate change meeting in Bonn.