UpFront

Climate, Oil, and Governor Brown; Private Equity and CALPERS

yves smithAfter a major climate bill loses its teeth, Governor Brown says he’s ready to go it alone – so, what would that actually look like? We discuss climate policy and the changing balance of power in Sacramento. Then: California’s massive retirement funds are struggling to maintain their funding levels – and critics are starting to point the finger at the state’s heavy reliance on investments in private equity firms. Yves Smith of Naked Capitalism will join us to talk about why she thinks two of the world’s biggest institutional investors are getting fleeced.

Guests:

  • Bill Magavern, Policy Director, Coalition for Clean Air
  • Bill Allayaud, California Director of Governmental Affairs, Environmental Working Group
  • Yves Smith, founder of the blog Naked Capitalism, and the author of ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism.

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