‘A NOBLE WAY TO LOSE MONEY:’ California’s public employee pension system has lost millions of dollars on its green investments, which a top investment officer for the fund called “a noble way to lose money:”

CalPERS has $900 million invested in clean tech, which has seen an annualized return of negative 9.7 percent, the Washington Free Beacon reports.

Those losses are ultimately passed on to taxpayers, who pay for public workers’ pensions.

Something that can’t go on forever, won’t, to coin a phrase.