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!

 

37,933 signatures

Who's signing

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
Valerie Metzler
Douglas Donehoo
Lacey Hicks
Brenda Salas
David Blair
Howard Lazzarini
Nick Slater
Judy Marie Tucci
Matthew Couture
Anna Shenk
Jodie Cooper
David Margolis
Don Kurz
Lisa Patton
Frances Haulenbeek
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Showing 35888 reactions

  • 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
  • Valerie Metzler
    signed 2016-12-08 16:20:48 -0800
  • Douglas Donehoo
    signed 2016-12-08 16:20:43 -0800
  • Lacey Hicks
    signed 2016-12-08 16:20:37 -0800
  • Brenda Salas
    signed 2016-12-08 16:20:34 -0800
  • David Blair
    signed 2016-12-08 16:20:20 -0800
    David Blair
  • Howard Lazzarini
    signed 2016-12-08 16:20:18 -0800
  • Nick Slater
    signed 2016-12-08 16:20:18 -0800
  • Judy Marie Tucci
    signed 2016-12-08 16:20:15 -0800
  • Matthew Couture
    signed 2016-12-08 16:20:09 -0800
  • Anna Shenk
    signed 2016-12-08 16:19:45 -0800
  • Jodie Cooper
    signed 2016-12-08 16:19:31 -0800
  • David Margolis
    signed 2016-12-08 16:19:24 -0800
    We must stand together to protect the environment, our children, our health and the planet from the Corporate Overlords.
  • Don Kurz
    signed 2016-12-08 16:19:19 -0800
  • Lisa Patton
    signed 2016-12-08 16:19:17 -0800
  • Frances Haulenbeek
    signed 2016-12-08 16:19:17 -0800
  • Rey Mora
    signed 2016-12-08 16:19:09 -0800