The California Public Employees' Retirement System's (CalPERS) climate risk reporting shareowner resolution, Proposal #5, passed today at the annual shareowner meeting of Occidental Petroleum. The resolution requires the international oil and gas company to report on environmental risks and opportunities associated with climate change. It was co-filed by CalPERS and other investors, including Wespath Investment Management, the Nathan Cummings Foundation, and the New York State and Connecticut pension funds.