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!

 

37,966 signatures

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Showing 35918 reactions

  • signed 2017-04-14 00:06:41 -0700
  • signed 2017-04-13 23:57:13 -0700
    Barbara Bilbo
  • signed 2017-04-13 23:32:27 -0700
  • signed 2017-04-13 23:30:10 -0700
  • signed 2017-04-13 23:29:11 -0700
    Jennifer Beyer
  • signed 2017-04-13 22:54:51 -0700
    Lisa Roll
  • signed 2017-04-13 22:31:35 -0700
  • signed 2017-04-13 22:06:30 -0700
  • signed 2017-04-13 21:53:32 -0700
    As a CalPers pensioner I object to the abuse of my pension assets through investments in oil sands pipelines.
  • signed 2017-04-13 21:43:47 -0700
  • signed 2017-04-13 21:43:40 -0700
    DAPL never should have been permitted in sensitive areas and CalPers and CalStrs should also divest based on adverse impacts related to climate change.
  • signed 2017-04-13 21:32:38 -0700
  • signed 2017-04-13 21:19:08 -0700
  • signed 2017-04-13 21:12:47 -0700
  • signed 2017-04-13 21:04:05 -0700
  • signed 2017-04-13 21:00:10 -0700
    We have taken enough from the native american communities…the pipeline is just one more way we repeat the past.
  • signed 2017-04-13 20:57:15 -0700
  • signed 2017-04-13 20:36:40 -0700
  • signed 2017-04-13 20:33:19 -0700
    Jim Andaloro
  • signed 2017-04-13 20:23:28 -0700
  • signed 2017-04-13 20:12:27 -0700
  • signed 2017-04-13 20:01:19 -0700
    terry barney
  • signed 2017-04-13 19:46:08 -0700
  • signed 2017-04-13 19:42:30 -0700
    jessie sears
  • signed 2017-04-13 19:26:58 -0700
    Robert Morgan
  • signed 2017-04-13 18:53:36 -0700
  • signed 2017-04-13 18:40:21 -0700
    Mathieu Colbert
  • signed 2017-04-13 18:37:29 -0700
    Scott Meeks
  • signed 2017-04-13 18:28:09 -0700
  • signed 2017-04-13 18:19:28 -0700