- The California State Teachers' Retirement System's (Calstrs) board yesterday voted to liquidate its holdings in four U.S. thermal coal companies: Cloud Peak Energy (NYSE:CLD), Hallador Energy (NASDAQ:HNRG), Peabody Energy (NYSE:BTU) and Westmoreland Coal (NASDAQ:WLB).
- Coal companies make up only ~$40M of the fund's $186B portfolio, but state lawmakers in Sacramento passed a law last year urging Calstrs to dump the investments on the basis that burning coal significantly contributes to global climate change.