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

Aditya K C
Steven Miller
Monte Wolfe
Nathalie Beaudet
Agnes Pepe Wachtel
Ruben Anthony Rocha
Veronica Rehné
Dee Wilson
Joseph Bieliunas
Cara Sharpes
Brian Sabbats
Barbara Darnell
Cajsa Castro-Gurule
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
Stacey Daniels
Rebecca Zamora

Showing 35886 reactions

  • Aditya K C
    signed 2017-05-01 11:50:32 -0700
  • Steven Miller
    signed 2017-04-30 21:19:57 -0700
    STEVEN MILLER
  • Monte Wolfe
    posted about this on Facebook 2017-04-30 13:18:19 -0700
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL
  • Monte Wolfe
    signed 2017-04-30 13:17:25 -0700
  • Nathalie Beaudet
    signed 2017-04-29 15:38:56 -0700
  • Agnes Pepe Wachtel
    signed 2017-04-28 20:00:14 -0700
  • Ruben Anthony Rocha
    posted about this on Facebook 2017-04-28 17:30:51 -0700
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL
  • Ruben Anthony Rocha
    @Rubenonthemoon tweeted link to this page. 2017-04-28 17:30:50 -0700
  • Ruben Anthony Rocha
    signed 2017-04-28 17:30:38 -0700
  • Veronica Rehné
    signed 2017-04-28 14:55:46 -0700
  • Dee Wilson
    signed 2017-04-28 01:10:59 -0700
  • 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
  • Cajsa Castro-Gurule
    signed 2017-04-26 20:06:51 -0700
  • 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
    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