July 14, 2025

Economy

CalPERS recovers from tariff plunge and notches a big investment gain

California's biggest pension fund and markets around the world learned to live with President Trump's tariff threats. CalPERS gained 11.6% on investments in 2024-25.

By Adam Ashton • July 14, 2025

A row of white and tall wind turbines in a desert area with shrub and Yucca brevifolia trees on a clear day. Some clouds can be seen in the distance near mountains.

Environment

California’s wind and solar projects face new federal hurdles

Clean-energy projects have new deadlines for federal tax credits and limits on foreign parts, taking aim at California’s climate agenda. Eleven major solar projects and one onshore wind project now face potential delays or cancellation.

By Alejandro Lazo • July 14, 2025