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

Debra Toscano
Barry Greenhill
Jeanette Holmgren
Gary Lindemann
Kelly Henderson
Maggie Shipton
Daniel Donovan
Rebecca Haynes
Neil Bogmenko
Jeanette Santos
Pat Flahart
Jennifer Beyer
Lisa Roll
Karen Crowley
Harold Thomas
H G
Ruth Pratt
Antonia Williams
Judy Wang
Mary Barnett
Leonard Van Gendt
susan patrick
Jim Andaloro
terry barney
Ronald Ringler
jessie sears
Robert Morgan
Michael Earls
Mathieu Colbert
W. Meeks

Showing 28030 reactions

  • Debra Toscano
    signed 2017-04-14 05:24:21 -0700
  • Barry Greenhill
    signed 2017-04-14 05:13:25 -0700
  • Jeanette Holmgren
    signed 2017-04-14 05:00:37 -0700
    Jeanette Holmgren
  • Gary Lindemann
    signed 2017-04-14 04:54:49 -0700
  • Kelly Henderson
    signed 2017-04-14 04:39:53 -0700
  • Maggie Shipton
    signed 2017-04-14 02:23:09 -0700
  • Daniel Donovan
    signed 2017-04-14 02:00:05 -0700
  • Rebecca Haynes
    signed 2017-04-14 01:35:40 -0700
  • Neil Bogmenko
    signed 2017-04-14 00:31:01 -0700
  • Jeanette Santos
    signed 2017-04-14 00:06:41 -0700
  • Pat Flahart
    signed 2017-04-13 23:30:10 -0700
  • Jennifer Beyer
    signed 2017-04-13 23:29:11 -0700
    Jennifer Beyer
  • Lisa Roll
    signed 2017-04-13 22:54:51 -0700
    Lisa Roll
  • Karen Crowley
    signed 2017-04-13 22:31:35 -0700
  • Harold Thomas
    signed 2017-04-13 21:53:32 -0700
    As a CalPers pensioner I object to the abuse of my pension assets through investments in oil sands pipelines.
  • H G
    signed 2017-04-13 21:43:47 -0700
  • Ruth Pratt
    signed 2017-04-13 21:43:40 -0700
    DAPL never should have been permitted in sensitive areas and CalPers and CalStrs should also divest based on adverse impacts related to climate change.
  • Antonia Williams
    signed 2017-04-13 21:32:38 -0700
  • Judy Wang
    signed 2017-04-13 21:04:05 -0700
  • Mary Barnett
    signed 2017-04-13 21:00:10 -0700
    We have taken enough from the native american communities…the pipeline is just one more way we repeat the past.
  • Leonard Van Gendt
    signed 2017-04-13 20:57:15 -0700
  • susan patrick
    signed 2017-04-13 20:36:40 -0700
  • Jim Andaloro
    signed 2017-04-13 20:33:19 -0700
    Jim Andaloro
  • terry barney
    signed 2017-04-13 20:01:19 -0700
    terry barney
  • Ronald Ringler
    signed 2017-04-13 19:46:08 -0700
  • jessie sears
    signed 2017-04-13 19:42:30 -0700
    jessie sears
  • Robert Morgan
    signed 2017-04-13 19:26:58 -0700
    Robert Morgan
  • Michael Earls
    signed 2017-04-13 18:53:36 -0700
  • Mathieu Colbert
    signed 2017-04-13 18:40:21 -0700
    Mathieu Colbert
  • W. Meeks
    signed 2017-04-13 18:37:29 -0700
    Scott Meeks