Sour grapes for CalPERS

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US - The California Public Employees' Retirement System (CalPERS) has reportedly been criticised by campaigners for allegedly flouting its own environmental guidelines.

The US$247.7bn fund and its partners allegedly intend to clear a 2,000-acre plot of forestland it purchased in a deal announced in 2001 to create vineyards that would be subsequently sold at a prof...

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