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!

 

37,939 signatures

Who's signing

Andy Towers
Tiffany Razo
Kim Sellon
Mary Puffenberger
Sandra Danu
Nicholas Hemwall
Linda Evinger
s p
Jeffrey Reckinger
Sabina Gross
Katherine White
Michael Cohn
Adam Beebe
Milton LeR. Goff IV
Peter Turco
emery goff
Janet Matthews
Trisha Jachlewski
Kenneth Sanders Jr
Heather Emory
M Bruce Robison
Britni Bohache
Susan Coen
Michal Lynch
Rosalie Hernandez
Alice Miller
Cathy Trick
Aki Alaraatikka
Jessica Rose Heritier
Tom Sloan

Showing 35894 reactions

  • Andy Towers
    signed 2017-04-14 14:24:54 -0700
    Andy Towers
  • Tiffany Razo
    signed 2017-04-14 14:21:03 -0700
    Tiffany Razo
  • Kim Sellon
    signed 2017-04-14 14:15:00 -0700
  • Mary Puffenberger
    signed via 2017-04-14 14:10:07 -0700
  • Sandra Danu
    signed 2017-04-14 14:08:41 -0700
  • Nicholas Hemwall
    signed 2017-04-14 13:39:36 -0700
    Nicholas Hemwall
  • Linda Evinger
    signed 2017-04-14 13:18:45 -0700
  • s p
    signed 2017-04-14 13:12:17 -0700
  • Jeffrey Reckinger
    signed 2017-04-14 13:09:55 -0700
  • Sabina Gross
    signed 2017-04-14 13:09:28 -0700
  • Katherine White
    signed 2017-04-14 12:57:19 -0700
    Katherine Lee White
  • Michael Cohn
    signed 2017-04-14 12:54:38 -0700
  • Adam Beebe
    signed 2017-04-14 12:39:59 -0700
  • Milton LeR. Goff IV
    signed via 2017-04-14 12:39:46 -0700
    Milton LeR. (Rory) Goff IV
  • Peter Turco
    signed 2017-04-14 12:38:48 -0700
  • emery goff
    signed 2017-04-14 12:27:35 -0700
    invest in renewable power sources, NOT OIL!
  • Janet Matthews
    signed 2017-04-14 12:11:54 -0700
  • Trisha Jachlewski
    signed 2017-04-14 12:07:39 -0700
  • Kenneth Sanders Jr
    signed 2017-04-14 12:02:03 -0700
  • Heather Emory
    signed 2017-04-14 11:56:23 -0700
    We stole enough from the Native Americans when us Europeans invaded North America. Spare those amazing people and find another way to build your pipeline. Stop being greedy bastards and find another way. – Heather L. Emory, Frederick, MD
  • M Bruce Robison
    signed 2017-04-14 11:52:07 -0700
    M Bruce Robison
  • Britni Bohache
    signed 2017-04-14 11:49:41 -0700
  • Susan Coen
    signed 2017-04-14 11:36:03 -0700
  • Michal Lynch
    signed 2017-04-14 11:35:04 -0700
    Michal Lynch
  • Rosalie Hernandez
    signed 2017-04-14 11:24:32 -0700
  • Alice Miller
    signed 2017-04-14 11:00:38 -0700
  • Cathy Trick
    signed 2017-04-14 10:59:33 -0700
    CATHY TRICK
  • Aki Alaraatikka
    signed 2017-04-14 10:58:19 -0700
  • Jessica Rose Heritier
    signed 2017-04-14 10:54:11 -0700
  • Tom Sloan
    signed 2017-04-14 10:48:28 -0700