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!

 

30,805 signatures

Who's signing

Katelyn Tasto
Cheryl Rockwell
Heather Ervin
Alyssa Brackin
Patricia Drury
Rafe Dimmitt
Amanda McMillan
Candice Martin
Kevin Dedicatoria
Philip Brunner
Will Scruggs
Stephen Serra
H Leff
Kathleen Smith
andrea Wagner
Ruth Leventhal
Jane Penn Penn
Denise Consiglio
Ralph Lachenmaier
C. Groff
Joshua Harmes
Janet Pocsi
Volker Albrecht
Stanley Wright
K Lower
Jacqueline Drewes
Brenda Reese
paul McCarthy
barbara Sullo

Showing 28030 reactions

  • Katelyn Tasto
    signed 2017-04-13 18:28:09 -0700
  • Cheryl Rockwell
    signed 2017-04-13 18:19:28 -0700
  • Heather Ervin
    signed 2017-04-13 18:01:35 -0700
  • Alyssa Brackin
    signed 2017-04-13 18:00:34 -0700
  • Patricia Drury
    signed 2017-04-13 17:45:16 -0700
  • Rafe Dimmitt
    signed 2017-04-13 17:35:23 -0700
  • Amanda McMillan
    signed 2017-04-13 17:32:28 -0700
  • Candice Martin
    signed 2017-04-13 17:26:43 -0700
  • Kevin Dedicatoria
    signed 2017-04-13 17:22:32 -0700
  • Philip Brunner
    signed 2017-04-13 17:13:56 -0700
    philip brunner
  • Will Scruggs
    signed 2017-04-13 17:09:01 -0700
    William Scruggs
  • Stephen Serra
    signed via 2017-04-13 16:56:37 -0700
  • H Leff
    signed 2017-04-13 16:30:44 -0700
  • Kathleen Smith
    signed 2017-04-13 16:21:40 -0700
    Kathleen Smith
  • andrea Wagner
    signed 2017-04-13 16:03:59 -0700
  • Ruth Leventhal
    signed 2017-04-13 16:03:10 -0700
  • Jane Penn Penn
    posted about this on Facebook 2017-04-13 15:58:48 -0700
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL
  • Jane Penn Penn
    signed 2017-04-13 15:58:27 -0700
    Janie Penn
  • Denise Consiglio
    signed 2017-04-13 15:53:01 -0700
    Denise Consiglio
  • Ralph Lachenmaier
    signed 2017-04-13 15:51:34 -0700
  • C. Groff
    signed 2017-04-13 15:47:15 -0700
  • Joshua Harmes
    signed 2017-04-13 15:42:49 -0700
  • Janet Pocsi
    signed 2017-04-13 15:29:26 -0700
    Janet Pocsi
  • Volker Albrecht
    signed 2017-04-13 15:14:19 -0700
    Volker Albrecht
  • Stanley Wright
    signed 2017-04-13 15:07:55 -0700
    Stanley Wright There comes a time in every civilization, when it either has to go with greed, or stand up and prevent the total trashing of society. Now is the time, and if anyone out there is connected with fossil fuel, they need to prove they really do care about their grand-childrens futures, because oil is an environmental killer, and poison to all living things. What are you going to tell your grand-children if you poison them and their future?
  • K Lower
    signed 2017-04-13 15:06:40 -0700
  • Jacqueline Drewes
    signed 2017-04-13 15:03:07 -0700
    Jacqueline Drewes
  • Brenda Reese
    signed 2017-04-13 14:57:47 -0700
    Brenda Reese
  • paul McCarthy
    signed 2017-04-13 14:45:19 -0700
  • barbara Sullo
    signed 2017-04-13 14:25:48 -0700