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!

 

37,931 signatures

Who's signing

Tamar Dick
Debbie Ricards
Katherine Kotiadis
James Cieloha
Judith Smith
Virginia Waldron
Barbara Fukumoto
Janice Lawrence
Kevin Perkowitz
Martin Singer
Michael Almon
Gerald Paone
Roberta Tyska
James Porterfield
Peter F. Davis Davis
sherry nillissen
Christina Viljoen
Josh Keyes
Brian Kujak
Linda Ellis
Roland Knight
Edward Barry
Mary Bissell
Ash Decker
marie Leven
Willem van Erp
Brian Williams
sarah stevens
Carol ODell

Showing 35886 reactions

  • Tamar Dick
    signed via 2017-07-12 21:56:55 -0700
    Tamar Dick
  • Debbie Ricards
    signed 2017-07-11 16:05:51 -0700
  • Katherine Kotiadis
    signed 2017-07-06 11:40:39 -0700
    Katherine Kotiadis
  • James Cieloha
    signed 2017-06-30 18:54:14 -0700
  • Judith Smith
    signed 2017-06-29 13:53:20 -0700
  • Virginia Waldron
    signed 2017-06-15 16:00:10 -0700
  • Barbara Fukumoto
    signed 2017-06-05 19:01:10 -0700
  • Janice Lawrence
    signed 2017-05-26 18:49:37 -0700
  • Kevin Perkowitz
    signed 2017-05-24 19:01:33 -0700
  • Martin Singer
    signed 2017-05-23 11:27:38 -0700
    Martin Singer
  • Michael Almon
    signed 2017-05-22 16:55:52 -0700
    Unlike the South African Apartheid divestment alternatives which were sketchy, alternatives to fossil fuels such as solar, wind, batteries, and electric vehicles hold enormous potential for growth. Investments in these technologies will be like water to a flower.
  • Gerald Paone
    signed 2017-05-19 14:40:14 -0700
  • Roberta Tyska
    signed 2017-05-16 16:06:29 -0700
  • James Porterfield
    signed 2017-05-15 17:47:35 -0700
    It’s critical, dear friends, that we continue to struggle against the forces unleashed by Thump’s election. I am proud to sign this document and to join with each of you. Fight on!
  • Peter F. Davis Davis
    signed 2017-05-12 23:54:29 -0700
    HEY HI HO STOP GOP-SLOP TRUMPKIN OIL SLOB CRIMINALITY-Now-TODAY-ASAP !!!
  • sherry nillissen
    signed 2017-05-12 15:36:33 -0700
  • Christina Viljoen
    signed 2017-05-10 16:18:39 -0700
  • Josh Keyes
    signed 2017-05-09 06:18:44 -0700
    Josh Keyes
  • Brian Kujak
    signed 2017-05-08 23:56:16 -0700
    Brian Kujak
  • Linda Ellis
    signed 2017-05-07 08:32:49 -0700
    Linda Ellis
  • Roland Knight
    signed 2017-05-04 16:17:08 -0700
  • Edward Barry
    signed via 2017-05-04 06:43:36 -0700
  • Mary Bissell
    signed 2017-05-03 18:33:14 -0700
    Mary Bissell
  • Ash Decker
    signed 2017-05-03 13:14:43 -0700
    Ash Decker
  • marie Leven
    signed 2017-05-03 10:48:35 -0700
    Why build a pipeline that sends oil from Canada to Louisiana for export ? We need clean energy not dirty oil! And a spill in the Dakotas could pollute the water for the Indian tribes!

    Is there no sense of decency anymore or is it make a buck while you can regardless of who suffers?
  • Willem van Erp
    signed 2017-05-02 05:08:16 -0700
  • Brian Williams
    signed 2017-05-01 18:48:50 -0700
  • sarah stevens
    signed 2017-05-01 17:11:10 -0700
  • Carol ODell
    signed 2017-05-01 15:40:46 -0700
  • Aditya K C
    @AKChalakode tweeted link to this page. 2017-05-01 11:51:10 -0700