CalPERS, Divest from DAPL!

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!

 

37,933 signatures

Who's signing

Samarah Uriarte
Patrice Linton
Lenore Humphrey
Andrew Segal
James Senger Jr
Tess Richards
Mary Nanninga
Elizabeth Claman
Carol Stewart
Wendy Adams
Lawrence Hilf
John Wienert
angela walter-schemahorn
Ava Butcher
paula cordes
Deb Query
Noah Workman
Thomas Sullivan
Lisa Frith
Carol Lamont
Micah Putnam
Alison Mc Gregor
Phyllis Backer
franklin knight
Roberto Santiago
B Sullivan
Peter Sklivas
Victoria Horowitz

Showing 35888 reactions

  • Samarah Uriarte
    signed 2017-04-14 21:02:45 -0700
    Samarah Uriarte
  • Patrice Linton
    signed 2017-04-14 20:55:10 -0700
    Pat Linton
  • Lenore Humphrey
    signed 2017-04-14 20:46:44 -0700
    Lenore J. Humphrey
  • Andrew Segal
    signed 2017-04-14 20:43:57 -0700
    Andrew Segal
  • James Senger Jr
    signed 2017-04-14 19:58:21 -0700
  • Tess Richards
    signed 2017-04-14 19:35:46 -0700
    Tess R Richards
  • Mary Nanninga
    signed 2017-04-14 19:28:48 -0700
  • Elizabeth Claman
    signed via 2017-04-14 19:17:25 -0700
    The DAPL is a climate-destroying travesty that must not be supported in any way, shape or form. Divest NOW!!!
  • Carol Stewart
    signed 2017-04-14 18:37:36 -0700
    Clean energy is now LESS expensive than ANY fossil fuel, especially once you add in the cost of cleaning up the damages from leaks, crashed trains, and attempts to restore the environment damaged. And many times NO restoration works well or at all, hence the DEAD ZONE in the Gulf.
  • Wendy Adams
    signed 2017-04-14 18:37:29 -0700
  • Lawrence Hilf
    signed 2017-04-14 18:27:28 -0700
  • John Wienert
    signed via 2017-04-14 18:21:49 -0700
  • angela walter-schemahorn
    signed 2017-04-14 18:17:36 -0700
  • Ava Butcher
    signed 2017-04-14 18:14:22 -0700
    I think we have broken enough promises and taken advantage of our Native American brothers and sisters enough. We must stop this unfair treatment and do the right thing by these people.
  • paula cordes
    signed 2017-04-14 17:55:35 -0700
  • Deb Query
    signed 2017-04-14 17:54:46 -0700
  • noah workman
    posted about this on Facebook 2017-04-14 17:49:43 -0700
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL
  • noah workman
    @pangy54321 tweeted link to this page. 2017-04-14 17:49:38 -0700
  • Noah Workman
    signed 2017-04-14 17:48:13 -0700
    Noah Workman
  • Thomas Sullivan
    signed 2017-04-14 17:15:14 -0700
  • Lisa Frith
    signed 2017-04-14 17:11:34 -0700
  • Carol Lamont
    signed 2017-04-14 17:03:23 -0700
    I am a CalPERS member and do not want my retirement funds used for such despicable and dangerous purposes.

    Carol Lamont
  • Micah Putnam
    signed 2017-04-14 17:00:01 -0700
    Micah Putnam
  • Alison Mc Gregor
    signed 2017-04-14 16:56:35 -0700
    Alison R McGregor
  • Phyllis Backer
    signed 2017-04-14 16:49:19 -0700
    Phyllis Backer
  • franklin knight
    signed 2017-04-14 16:27:30 -0700
  • Roberto Santiago
    signed 2017-04-14 16:15:56 -0700
  • B Sullivan
    signed 2017-04-14 15:46:42 -0700
  • Peter Sklivas
    signed 2017-04-14 14:34:08 -0700
    peter sklivas
  • Victoria Horowitz
    signed 2017-04-14 14:28:14 -0700
    Victoria Horowitz