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!

 

37,955 signatures

Who's signing

Gail Mcdonough
Andrew Zelman
Michael Kapp
Angelique Austin
Charlie Anderson
Bruce White
Alexandra Napoleon
Gerald Sobel
Michael Zuckerman
Kerry Johnson
Andrea Coughlin
Jeanne Stulb
sybil Wertheim
Lilinoe Smith
Susan Busch
Kevin Brune
Daisy Costa
Steve Eklund
Anne Ambler
Jamie Cooney
Deanna Horton
Sky Yeager
Barbara Bryant
Charles Wise
john malloy
Janet Yacht
Eve Shapiro
Gerald Shaia
David Burton

Showing 35910 reactions

  • Gail Mcdonough
    signed 2016-12-08 16:18:44 -0800
  • Andrew Zelman
    signed 2016-12-08 16:18:38 -0800
  • Michael Kapp
    signed 2016-12-08 16:18:33 -0800
  • Angelique Austin
    signed 2016-12-08 16:18:31 -0800
  • Charlie Anderson
    signed 2016-12-08 16:18:29 -0800
  • Bruce White
    signed 2016-12-08 16:18:06 -0800
  • Alexandra Napoleon
    signed 2016-12-08 16:17:51 -0800
  • Gerald Sobel
    signed 2016-12-08 16:17:51 -0800
    Why not invest in solar instead? Didn’t you know that hay burners and wagons can move the material just as well, if not a bit slower?
  • Michael Zuckerman
    signed 2016-12-08 16:17:46 -0800
  • Kerry Johnson
    signed 2016-12-08 16:17:39 -0800
  • Andrea Coughlin
    signed 2016-12-08 16:17:37 -0800
  • Jeanne Stulb
    signed 2016-12-08 16:17:28 -0800
  • sybil Wertheim
    signed 2016-12-08 16:17:24 -0800
  • Lilinoe Smith
    signed 2016-12-08 16:17:20 -0800
  • Susan Busch
    signed 2016-12-08 16:17:19 -0800
  • Kevin Brune
    signed 2016-12-08 16:17:13 -0800
  • Daisy Costa
    signed 2016-12-08 16:17:10 -0800
  • Steve Eklund
    signed 2016-12-08 16:17:09 -0800
  • Anne Ambler
    signed 2016-12-08 16:17:08 -0800
  • Jamie Cooney
    signed 2016-12-08 16:16:56 -0800
  • Deanna Horton
    signed 2016-12-08 16:16:56 -0800
  • Sky Yeager
    signed 2016-12-08 16:16:48 -0800
  • Barbara Bryant
    signed 2016-12-08 16:16:48 -0800
  • Charles Wise
    signed 2016-12-08 16:16:40 -0800
  • john malloy
    signed 2016-12-08 16:16:39 -0800
  • Janet Yacht
    signed 2016-12-08 16:16:38 -0800
  • Eve Shapiro
    signed 2016-12-08 16:16:29 -0800
  • Gerald Shaia
    @d3viljunkzombie tweeted link to this page. 2016-12-08 16:16:28 -0800
  • Gerald Shaia
    signed 2016-12-08 16:16:15 -0800
  • David Burton
    signed 2016-12-08 16:16:14 -0800