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!

 

30,805 signatures

Who's signing

M Bruce Robison
Britni Bohache
Susan Coen
Michal Lynch
Rosalie Hernandez
Alice Miller
Cathy Trick
Aki Alaraatikka
Jessica Rose Heritier
Tom Sloan
Patricia Billimack
Bob Smith
Patty Haley
Peter Kahigian
pamela sinclair-nixon
Carole Sutton
Jessica Jakubanis
William Vought
Beth Neece
Phil Hurst
Jeanne LaRock
Tracy Fearnside
Brett Falcon
Terry Travelute
Kathy Lautenschlegar
Teresa Ashue-Finley
Karen Shulzitski
Brian Doherty
Lauri Elliot
Jean Toler Toler

Showing 28030 reactions

  • M Bruce Robison
    signed 2017-04-14 11:52:07 -0700
    M Bruce Robison
  • Britni Bohache
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  • Susan Coen
    signed 2017-04-14 11:36:03 -0700
  • Michal Lynch
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    Michal Lynch
  • Rosalie Hernandez
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  • Alice Miller
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  • Cathy Trick
    signed 2017-04-14 10:59:33 -0700
    CATHY TRICK
  • Aki Alaraatikka
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  • Jessica Rose Heritier
    signed 2017-04-14 10:54:11 -0700
  • Tom Sloan
    signed 2017-04-14 10:48:28 -0700
  • Patricia Billimack
    signed 2017-04-14 10:42:40 -0700
  • Bob Smith
    signed 2017-04-14 10:20:54 -0700
  • Patty Haley
    signed 2017-04-14 10:17:40 -0700
  • Peter Kahigian
    signed 2017-04-14 09:59:51 -0700
    Peter Kahigian
  • pamela sinclair-nixon
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    pamela l sinclair-nixon
  • Carole Sutton
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  • Jessica Jakubanis
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    Jessica Jakubanis
  • William Vought
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  • Beth Neece
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  • Phil Hurst
    signed 2017-04-14 07:59:05 -0700
    Phil Hurst
  • Jeanne LaRock
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    Jeanne LaRock
  • Tracy Fearnside
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  • Brett Falcon
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    Brett Falcon
  • Terry Travelute
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  • Kathy Lautenschlegar
    signed 2017-04-14 06:59:22 -0700
  • Teresa Ashue-Finley
    signed 2017-04-14 06:56:27 -0700
  • Karen Shulzitski
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    Karen Shulzitski
  • Brian Doherty
    signed 2017-04-14 06:47:19 -0700
    Brian Doherty
  • Lauri Elliot
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  • Jean Toler Toler
    signed 2017-04-14 06:09:42 -0700