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

Stewart Wiggers
Jon Drucker
David Hopkins
Edwin Pinson
Carole Smith
Lisa Gengo
Howard White
Peggy Sharpe
Caroline Constant
Mark Halom
robert serrano
Anastasia Pallant
Sandy Reavey
Lily Bushman-Copp
Robert Norton
William E. Woodcock
Carol K. Rusk
Lena Derhally
Rob Boughton
Bob Lichtenbert
Robert Stafford
Matthew Winston
Kathlene Croasdale
Rose M Fagan
Michael Bromberg
Sonja Westerberg
Leland Hall
Molly Glenn

Showing 35894 reactions

  • Stewart Wiggers
    signed 2016-12-08 16:26:24 -0800
  • Jon Drucker
    signed 2016-12-08 16:26:18 -0800
  • Carole Smith
    posted about this on Facebook 2016-12-08 16:26:15 -0800
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL
  • David Hopkins
    signed 2016-12-08 16:26:10 -0800
  • Edwin Pinson
    signed 2016-12-08 16:25:58 -0800
  • Carole Smith
    signed 2016-12-08 16:25:48 -0800
  • Lisa Gengo
    signed 2016-12-08 16:25:41 -0800
  • Howard White
    signed 2016-12-08 16:25:40 -0800
  • Peggy Sharpe
    signed 2016-12-08 16:25:37 -0800
    This could be an environmental disaster for Native Americans and many others living in the North Dakota region of this pipeline.

    This needs to STOP !!!
  • Caroline Constant
    signed 2016-12-08 16:25:35 -0800
  • Mark Halom
    signed 2016-12-08 16:25:18 -0800
  • robert serrano
    signed 2016-12-08 16:25:09 -0800
  • Anastasia Pallant
    signed 2016-12-08 16:24:48 -0800
  • Sandy Reavey
    signed 2016-12-08 16:24:21 -0800
  • Lily Bushman-Copp
    signed 2016-12-08 16:24:08 -0800
  • Robert Norton
    signed 2016-12-08 16:24:02 -0800
  • William E. Woodcock
    signed 2016-12-08 16:23:55 -0800
  • Rose Fagan
    posted about this on Facebook 2016-12-08 16:23:55 -0800
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL
  • Carol K. Rusk
    signed 2016-12-08 16:23:51 -0800
    Although I live on the East coast, I have been watching the progress of the Dakota pipeline issue. It is appalling that the Native Americans and their supporters were treated so badly. Ultimately, their protest was to insure clean water and protect their land. Haven’t we already taken enough of THEIR land from them? Let’s please face the fact the it is Native Americans who are the original heirs who are still being displaced and disrespected! Besides, why the hell are we allowing oil companies to continue to rape the natural resources of this country, and I’m including all fossil fuels, which should stay in the ground!
  • Lena Derhally
    signed 2016-12-08 16:23:41 -0800
  • Rob Boughton
    signed 2016-12-08 16:23:35 -0800
  • Bob Lichtenbert
    signed 2016-12-08 16:23:33 -0800
  • Robert Stafford
    signed 2016-12-08 16:23:32 -0800
    as a union member, I implore you to divest in Energy Transfer Partners
  • Matthew Winston
    signed 2016-12-08 16:23:29 -0800
    Matthew Winston
  • Kathlene Croasdale
    signed 2016-12-08 16:23:20 -0800
  • Rose M Fagan
    signed 2016-12-08 16:23:19 -0800
  • Michael Bromberg
    signed 2016-12-08 16:23:05 -0800
  • Sonja Westerberg
    signed 2016-12-08 16:22:55 -0800
  • Leland Hall
    signed 2016-12-08 16:22:49 -0800
  • Molly Glenn
    signed 2016-12-08 16:22:43 -0800