Windmills Spin, Returns Vanish, Taxpayers Foot the Bill
30th October 2025
Let’s put one more log on the sacrificial fire of California’s “green” crusade, this time using someone else’s tax money as kindling. The California Public Employees’ Retirement System—CalPERS, the genius shop that manages pensions for the state’s lifers—took $468 million of other people’s money and, with the zeal of a true believer, plowed it into “clean energy and technology.”
The bottom line: they lost 71% of it.
Yes, you read that right. More than $330 million, vanished.
You want to see a cautionary tale? Here it is—with taxpayers set up as the deep pockets of last resort.