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!

 

37,927 signatures

Who's signing

Laurie S
Dennis Heiser
Nathan Nielsen
Thomas W Hamilton Hamilton
Sondra Hardgrave
lee bailey
Suzanne Hall
Jennifer Schroeder
andrea snyder
Mark Cane
Carol Doty
Michael P. Cherry
Sheryl post post
Michael Briney
Michael Glasheen
Claire Malina
Annita Clark-Weaver
Phil Strickland
Virginia Lee
Amy Collins
Patricia Hyde
Sheila Kelley
Richard M Vartanian
Jay Jones
Dawn Tollefson
beryle alexis

Showing 35882 reactions

  • Laurie S
    signed 2016-12-08 16:14:33 -0800
  • Dennis Heiser
    signed 2016-12-08 16:14:32 -0800
  • Nathan Nielsen
    signed 2016-12-08 16:14:32 -0800
  • Thomas W Hamilton Hamilton
    signed 2016-12-08 16:14:31 -0800
    A serious mistake to invest in a source of global warming—both self destructive and destructive of the world.
  • Sondra Hardgrave
    signed 2016-12-08 16:14:29 -0800
  • lee bailey
    signed 2016-12-08 16:14:26 -0800
  • Suzanne Hall
    signed 2016-12-08 16:14:26 -0800
  • Jennifer Schroeder
    signed 2016-12-08 16:14:20 -0800
  • andrea snyder
    signed 2016-12-08 16:14:17 -0800
  • Mark Cane
    signed 2016-12-08 16:14:05 -0800
  • David Zaccagnino
    posted about this on Facebook 2016-12-08 16:14:01 -0800
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL
  • Carol Doty
    signed 2016-12-08 16:14:01 -0800
  • Michael P. Cherry
    signed 2016-12-08 16:13:58 -0800
  • Sheryl post post
    signed 2016-12-08 16:13:57 -0800
  • Michael Briney
    signed 2016-12-08 16:13:50 -0800
  • Michael Glasheen
    signed 2016-12-08 16:13:41 -0800
  • Claire Malina
    signed 2016-12-08 16:13:36 -0800
  • Annita Clark-Weaver
    signed 2016-12-08 16:13:36 -0800
  • Phil Strickland
    signed 2016-12-08 16:13:34 -0800
  • Edna Mullen
    posted about this on Facebook 2016-12-08 16:13:32 -0800
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL
  • Edna Mullen
    @Tim_Mullen tweeted link to this page. 2016-12-08 16:13:29 -0800
  • Virginia Lee
    signed 2016-12-08 16:13:26 -0800
  • Amy Collins
    signed 2016-12-08 16:13:10 -0800
  • Patricia Hyde
    signed 2016-12-08 16:13:09 -0800
  • Sheila Kelley
    signed 2016-12-08 16:13:06 -0800
  • Richard M Vartanian
    signed 2016-12-08 16:13:01 -0800
  • Jay Jones
    signed 2016-12-08 16:12:58 -0800
  • Cynthia Crittenton
    posted about this on Facebook 2016-12-08 16:12:54 -0800
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL
  • Dawn Tollefson
    signed 2016-12-08 16:12:53 -0800
  • beryle alexis
    signed 2016-12-08 16:12:52 -0800