CalPERS, Divest from DAPL!

UPDATE: The CalPERS board is voting in Sacramento on DAPL divestment on Monday, February 13th!

The California Public Employees Retirement System (CalPERS), California’s giant pension fund, owns a major chunk of Energy Transfer Partners, the company building the fracked-oil Dakota Access Pipeline through the Standing Rock Sioux sacred lands in North Dakota. As of December 8, CalPERS owns 1,064,034 shares worth $36.8 million. In addition, CalSTRS, the schoolteachers’ retirement fund, owns debt securities (bonds) worth $28.7 million.

California retirees shouldn’t be investing in this pipeline — investing in the destruction of their children's future. The pipeline is intended to carry fracked crude oil from North Dakota’s Bakken shalefields through North and South Dakota, Iowa, and Illinois. In the process of construction, Energy Transfer Partners has already damaged numerous sacred sites and would drill under the Missouri River, the sole drinking water source of the Standing Rock Sioux Tribe. The Army Corps of Engineers denied the permit to drill under the Missouri, but we expect the incoming Trump administration to ram the project through — if investors like CalPERS and CalSTRS keep backing this foolhardy project.

If CalPERS and CalSTRS don’t voluntarily divest, the California legislature will consider a bill, AB20, to require divestiture by 2018. So the smart money is on getting out of a climate-destroying project early.
These pension funds are overseen by boards that include union and public officials, including California Treasurer John Chiang and Controller Betty Yee. They are directly accountable to the people of California and have a responsibility to all people to make ethical and responsible investments.
Add your name now!

To California State Treasurer John Chiang, California State Controller Betty Yee, and the other board members of CalPERS and CalSTRS:

Divest fully from the Dakota Access Pipeline companies!

 

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Showing 29773 reactions

  • signed 2017-02-19 17:22:20 -0800
  • signed 2017-02-19 15:35:33 -0800
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  • signed 2017-02-19 08:38:13 -0800
    Janet Bell
  • signed 2017-02-19 07:33:09 -0800
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  • signed 2017-02-19 05:18:02 -0800
    Nino Dvoršak
  • signed 2017-02-19 04:25:55 -0800
  • signed 2017-02-19 00:34:08 -0800
    Since Trump & his supporters only care about how much money they can own & keep, the only way to get their attention is to withhold it.
  • signed 2017-02-18 18:39:10 -0800
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  • signed 2017-02-18 16:45:14 -0800
    Ms. L. Erickson
  • signed 2017-02-18 16:03:10 -0800
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  • signed 2017-02-18 14:39:35 -0800
    David Potocnik
  • signed 2017-02-18 13:45:58 -0800
  • signed 2017-02-18 13:29:04 -0800
  • signed 2017-02-18 11:33:24 -0800
    Protect the land, water and people. Do not fund the pipeline.
  • signed 2017-02-18 11:06:25 -0800
    Chris A. Marcus
  • posted about this on Facebook 2017-02-18 11:06:07 -0800
    @calpers, divest from DAPL! @cacontroller @johnchiangca take action! #NoDAPL
  • @Cam_Man1956 tweeted link to this page. 2017-02-18 11:06:04 -0800
  • posted about this on Facebook 2017-02-18 11:03:33 -0800
    @calpers, divest from DAPL! @cacontroller @johnchiangca take action! #NoDAPL
  • signed 2017-02-18 11:03:19 -0800
  • signed 2017-02-18 10:48:05 -0800
  • signed 2017-02-18 10:42:20 -0800
  • signed 2017-02-18 08:28:25 -0800
  • signed 2017-02-18 07:11:17 -0800
    The Indian Ten Commandments

    Treat the Earth and all that dwell therein with respect

    Remain close to the Great Spirit

    Show great respect for your fellow beings

    Work together for the benefit of all Mankind

    Give assistance and kindness wherever needed

    Do what you know to be right

    Look after the well-being of Mind and Body

    Dedicate a share of your efforts to the greater Good

    Be truthful and honest at all times

    Take full responsibility for your actions
  • signed 2017-02-18 06:16:06 -0800
    Charlie Stuart