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!

 

37,949 signatures

Who's signing

Rob Boughton
Bob Lichtenbert
Robert Stafford
Matthew Winston
Kathlene Croasdale
Rose M Fagan
Michael Bromberg
Sonja Westerberg
Leland Hall
Molly Glenn
Eric Munck
Donna Soodalter-Toman
Karen Wilson
Joseph Colonna
William Tabor
Sara Shutkin
Ed Mechem
Danielle Wolf
sydney levy Levy
Linda Moorman
Joan Knuttila
Kim Lehmkuhl
Claire Russell
George Haff
Nancy Erb
Ellen Moyer
Daniel Ellis Ellis
James Lobdell
James Zitis

Showing 35904 reactions

  • 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
  • Eric Munck
    signed 2016-12-08 16:22:40 -0800
  • Donna Soodalter-Toman
    signed 2016-12-08 16:22:35 -0800
    Donna Soodalter-Toman
  • Karen Wilson
    signed 2016-12-08 16:22:29 -0800
  • Joseph Colonna
    signed 2016-12-08 16:22:21 -0800
  • William Tabor
    signed 2016-12-08 16:21:56 -0800
  • Sara Shutkin
    signed 2016-12-08 16:21:56 -0800
  • Ed Mechem
    signed 2016-12-08 16:21:51 -0800
  • Danielle Wolf
    signed 2016-12-08 16:21:45 -0800
  • sydney levy Levy
    signed 2016-12-08 16:21:38 -0800
  • Linda Moorman
    signed 2016-12-08 16:21:33 -0800
  • Joan Knuttila
    signed 2016-12-08 16:21:30 -0800
  • Stately Plump Buck
    @rebelknap tweeted link to this page. 2016-12-08 16:21:25 -0800
  • Kim Lehmkuhl
    signed 2016-12-08 16:21:22 -0800
  • Claire Russell
    signed 2016-12-08 16:21:17 -0800
  • George Haff
    signed 2016-12-08 16:21:11 -0800
  • Nancy Erb
    signed 2016-12-08 16:21:00 -0800
  • Ellen Moyer
    signed 2016-12-08 16:20:57 -0800
  • Daniel Ellis Ellis
    signed 2016-12-08 16:20:57 -0800
  • James Lobdell
    signed 2016-12-08 16:20:55 -0800
  • James Zitis
    signed 2016-12-08 16:20:52 -0800