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!

 

38,044 signatures

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  • signed 2016-12-08 16:15:05 -0800
    Actions have consequences
  • posted about this on Facebook 2016-12-08 16:15:04 -0800
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL
  • signed 2016-12-08 16:15:04 -0800
  • signed 2016-12-08 16:15:01 -0800
  • posted about this on Facebook 2016-12-08 16:14:59 -0800
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL
  • signed 2016-12-08 16:14:59 -0800
  • signed 2016-12-08 16:14:59 -0800
  • signed 2016-12-08 16:14:57 -0800
    I have an account with CalPRS but am not vetted
  • signed 2016-12-08 16:14:53 -0800
    Did you know what your pension money funds? I’ll bet not. Please divest your funds from Energy Transfer Partners.
  • signed 2016-12-08 16:14:46 -0800
  • signed 2016-12-08 16:14:45 -0800
  • posted about this on Facebook 2016-12-08 16:14:38 -0800
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL
  • @schroederjen78 tweeted link to this page. 2016-12-08 16:14:36 -0800
  • signed 2016-12-08 16:14:33 -0800
  • signed 2016-12-08 16:14:32 -0800
  • signed 2016-12-08 16:14:32 -0800
  • 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.
  • signed 2016-12-08 16:14:29 -0800
  • signed 2016-12-08 16:14:26 -0800
  • signed 2016-12-08 16:14:26 -0800
  • signed 2016-12-08 16:14:20 -0800
  • signed 2016-12-08 16:14:17 -0800
  • signed 2016-12-08 16:14:05 -0800
  • posted about this on Facebook 2016-12-08 16:14:01 -0800
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL
  • signed 2016-12-08 16:14:01 -0800
  • signed 2016-12-08 16:13:58 -0800
  • signed 2016-12-08 16:13:57 -0800
  • signed 2016-12-08 16:13:50 -0800
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  • signed 2016-12-08 16:13:36 -0800