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!

 

37,974 signatures

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Showing 35926 reactions

  • signed 2016-12-08 16:27:06 -0800
  • signed 2016-12-08 16:27:02 -0800
  • signed 2016-12-08 16:26:24 -0800
  • signed 2016-12-08 16:26:18 -0800
  • posted about this on Facebook 2016-12-08 16:26:15 -0800
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL
  • signed 2016-12-08 16:26:10 -0800
  • signed 2016-12-08 16:25:58 -0800
  • signed 2016-12-08 16:25:48 -0800
  • signed 2016-12-08 16:25:41 -0800
  • signed 2016-12-08 16:25:40 -0800
  • 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 !!!
  • signed 2016-12-08 16:25:35 -0800
  • signed 2016-12-08 16:25:18 -0800
  • signed 2016-12-08 16:25:09 -0800
  • signed 2016-12-08 16:24:48 -0800
  • signed 2016-12-08 16:24:21 -0800
  • signed 2016-12-08 16:24:08 -0800
  • signed 2016-12-08 16:24:02 -0800
  • signed 2016-12-08 16:23:55 -0800
  • posted about this on Facebook 2016-12-08 16:23:55 -0800
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL
  • 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!
  • signed 2016-12-08 16:23:41 -0800
  • signed 2016-12-08 16:23:35 -0800
  • signed 2016-12-08 16:23:33 -0800
  • signed 2016-12-08 16:23:32 -0800
    as a union member, I implore you to divest in Energy Transfer Partners
  • signed 2016-12-08 16:23:29 -0800
    Matthew Winston
  • signed 2016-12-08 16:23:20 -0800
  • signed 2016-12-08 16:23:19 -0800
  • signed 2016-12-08 16:23:05 -0800
  • signed 2016-12-08 16:22:55 -0800