Waste of the Day: California’s Clean Energy Investment Doesn’t Pay
25th November 2025
Topline: In 2007, California invested $468.4 million of its pension funds into private companies through its Clean Energy and Technology Fund. Today, the money is worth just $138 million, and the state won’t explain why its investment performed so poorly. Several open records requests filed by The Center Square were denied by the California Public Employees Retirement System, citing legal exemptions.