CA Controller and More Than 200 Global Investors Urge
Countries to Stand by Paris Agreement
SACRAMENTO — State Controller Betty T. Yee and 217 long-term institutional investors representing more than $15 trillion in assets sent a letter to G7 and G20 heads of state urging them to stand by their commitments to the 2015 Paris Agreement at their upcoming summit in Italy on May 26 and 27.
“I am deeply concerned that the U.S. government is wavering on our nation’s commitment to the Paris Climate Agreement, which ensures sustainable energy and water supplies and helps American companies remain competitive,” said Yee, the state’s chief fiscal officer and board member of CalPERS, CalSTRS, and Ceres. “Upholding the global accord and progressing with goals to combat the catastrophic effects of climate change transcends political rhetoric; the health and stability of our economy and our planet are at stake.”
As the chief fiscal officer of California, Controller Yee is responsible for accountability and disbursement of the state’s financial resources. The Controller also safeguards many types of property until claimed by the rightful owners, and has independent auditing authority over government agencies that spend state funds. She is a member of numerous financing authorities, and fiscal and financial oversight entities including the Franchise Tax Board. She also serves on the boards for the nation’s two largest public pension funds. Elected in 2014, Controller Yee is the tenth woman elected to a statewide office in California’s history. Follow the Controller on Twitter at @CAController and on Facebook at California State Controller’s Office.