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

Barbara Bryant
Charles Wise
john malloy
Janet Yacht
Eve Shapiro
Gerald Shaia
David Burton
Bert Greenberg
Dave Martin
Henry Weinberg
Scott Krauser
David Firshein
Leslie Cassidy
Larry Bogolub
gale mcguane
Ken Deshaies
Ron Fransz
Dustin Wilson Wilson
Ms Adrian Siegel Siegel
Deborah Gandolfo
Steve Parr
Randi Byron
Christine Klunder
Petra Leinemann
James Stone

Showing 35888 reactions

  • 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
  • Bert Greenberg
    signed 2016-12-08 16:16:11 -0800
  • Dave Martin
    signed 2016-12-08 16:15:53 -0800
  • Henry Weinberg
    signed 2016-12-08 16:15:44 -0800
  • Scott Krauser
    signed 2016-12-08 16:15:42 -0800
  • David Firshein
    signed 2016-12-08 16:15:40 -0800
    PLEASE DIVEST FULLY FROM DAKOTA ACCESS PIPELINE COMPANIES.
  • Ken Deshaies
    @PassDaWord tweeted link to this page. 2016-12-08 16:15:34 -0800
  • Leslie Cassidy
    signed 2016-12-08 16:15:30 -0800
  • Larry Bogolub
    signed 2016-12-08 16:15:27 -0800
  • gale mcguane
    signed 2016-12-08 16:15:24 -0800
  • Ken Deshaies
    signed 2016-12-08 16:15:12 -0800
  • Ron Fransz
    signed 2016-12-08 16:15:07 -0800
  • Dustin Wilson Wilson
    signed 2016-12-08 16:15:06 -0800
  • Ms Adrian Siegel Siegel
    signed 2016-12-08 16:15:06 -0800
  • Kathleen Powers
    posted about this on Facebook 2016-12-08 16:15:06 -0800
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL
  • Deborah Gandolfo
    signed 2016-12-08 16:15:05 -0800
  • Steve Parr
    signed 2016-12-08 16:15:05 -0800
    Actions have consequences
  • Kathleen Powers
    posted about this on Facebook 2016-12-08 16:15:04 -0800
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL
  • Randi Byron
    signed 2016-12-08 16:15:04 -0800
  • Christine Klunder
    signed 2016-12-08 16:15:01 -0800
  • Andrea Lawson Gray
    posted about this on Facebook 2016-12-08 16:14:59 -0800
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL
  • Petra Leinemann
    signed 2016-12-08 16:14:59 -0800
  • James Stone
    signed 2016-12-08 16:14:59 -0800