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

Joseph Bieliunas
Cara Sharpes
Brian Sabbats
Barbara Darnell
Nicole Van Epp
Andrew Serafin
Cynthia Papermaster
Joseph Homstad
Martha Mallett
Hal Trufan
Andrew Witthaus
Paul Dabnor
Tim Speece
David Rupp
Michael Amaka
Maria Bello Bello
Stacey Daniels
Rebecca Zamora
John Templeton
Jesse Agee
Sandy Lambo
Deborah Hoff
Susan Gustafson
Billie Vickers
Tim Young
Patrick Martin
Kathy McGlone
Christine Viscuso
Corielle Riddell
Gretchen Simpson

Showing 28030 reactions

  • Joseph Bieliunas
    signed 2017-04-27 17:46:00 -0700
  • Cara Sharpes
    signed 2017-04-27 06:24:25 -0700
    Cara Sharpes
  • Brian Sabbats
    signed 2017-04-26 22:23:51 -0700
  • Barbara Darnell
    signed 2017-04-26 20:45:45 -0700
    Barbara Darnell
  • Nicole Van Epp
    signed 2017-04-25 19:28:47 -0700
  • Andrew Serafin
    signed 2017-04-25 14:53:55 -0700
  • Cynthia Papermaster
    signed 2017-04-25 08:16:20 -0700
  • Joseph Homstad
    signed 2017-04-24 15:21:47 -0700
    Joseph Homstad
  • Martha Mallett
    signed 2017-04-24 11:41:45 -0700
    Divest from the Dakota Access Pipeline!
  • Hal Trufan
    signed 2017-04-24 10:10:00 -0700
    Hal Trufan
  • Andrew Witthaus
    signed 2017-04-24 09:25:23 -0700
  • Paul Dabnor
    signed 2017-04-23 19:58:47 -0700
  • Tim Speece
    signed 2017-04-23 18:35:30 -0700
    Tim Speece
  • David Rupp
    signed 2017-04-23 18:33:33 -0700
    David Rupp
  • Michael Amaka
    signed 2017-04-23 18:21:00 -0700
  • Maria Bello Bello
    signed 2017-04-23 17:31:25 -0700
  • Stacey Daniels
    signed 2017-04-23 16:55:43 -0700
    Stacey Daniels
  • Rebecca Zamora
    signed 2017-04-23 13:48:18 -0700
  • John Templeton
    signed 2017-04-23 13:32:48 -0700
    John J. Templeton Sr.
  • Jesse Agee
    signed 2017-04-23 06:58:40 -0700
  • Sandy Lambo
    signed 2017-04-22 16:14:53 -0700
    Sandy lambo
  • Deborah Hoff
    signed 2017-04-22 11:44:45 -0700
    Don’t be part of this travesty, protect the water as you would life.
  • Susan Gustafson
    signed 2017-04-22 09:06:55 -0700
  • Billie Vickers
    signed 2017-04-22 02:51:42 -0700
    Billie Vickers
  • Tim Young
    signed 2017-04-21 19:51:09 -0700
    Tim Young
  • Patrick Martin
    signed 2017-04-21 08:55:52 -0700
    Patrick I. Martin
  • Kathy McGlone
    signed 2017-04-21 08:51:40 -0700
  • Christine Viscuso
    signed 2017-04-21 07:41:22 -0700
  • Corielle Riddell
    signed 2017-04-21 07:38:41 -0700
  • Gretchen Simpson
    signed 2017-04-20 08:13:23 -0700
    We have fouled our planet, perhaps beyond repair. Without a livable climate, there will be no corporate profits, no food no people, no life. Do you not breathe the air,and drink the same water we peons do?