From OC Weekly:

Last summer, when speaking about the Public Divestiture of Thermal Coal Companies Act authored by his Senate colleague Kevin de Leon (D-Los Angeles), who is now seeking to unseat U.S. Senator Dianne Feinstein (D-California) in November, Moorlach told CalWatchdog.com’s Steven Greenhut that chief investment officers “invest for value and don’t appreciate being hamstrung by legislators who don’t know how to manage a diversified portfolio. I think I’m the only legislator who managed a $7 billion portfolio. And the studies I’ve seen have shown that social investing has produced lower returns.”