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!

 

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Showing 30507 reactions

  • posted about this on Facebook 2017-03-10 08:03:50 -0800
    @calpers, divest from DAPL! @cacontroller @johnchiangca take action! #NoDAPL
  • @dotbuhler tweeted link to this page. 2017-03-10 08:03:46 -0800
  • signed 2017-03-10 08:02:43 -0800
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  • signed 2017-03-10 07:03:58 -0800
  • signed 2017-03-10 07:03:02 -0800
  • signed 2017-03-10 05:43:35 -0800
    We must do our best to stop the dangerous and toxic action of fracking across this country, especially as it now affects the Standing Rock Sioux Tribe. Drilling under the Missouri River could cause toxic contamination of the drinking water for this Sioux Tribe and all other people living in this area. We must stop the progress of the DAPL immediately!!!
  • signed 2017-03-10 05:37:55 -0800
    Arthur Firth
  • signed 2017-03-10 05:08:54 -0800
  • signed 2017-03-10 05:04:29 -0800
    Jean Norman
  • signed 2017-03-10 04:48:53 -0800
    Sherry Fitzpatrick
  • signed 2017-03-10 04:16:13 -0800
  • signed 2017-03-10 02:45:20 -0800
    Elisabeth A. Wyllie
  • signed 2017-03-10 01:46:31 -0800
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  • signed 2017-03-09 21:24:02 -0800
    Ellen Kendall-Eyre
  • signed 2017-03-09 21:10:45 -0800
  • signed 2017-03-09 20:35:43 -0800
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  • signed 2017-03-09 20:04:31 -0800
    Laura Yokochi
  • signed 2017-03-09 18:39:12 -0800
    I’m part Native American and if I could be with the Sioux tribe, I would. Fracking ruins drinking water plus the pipeline is cutting through sacred grounds.
  • signed 2017-03-09 18:19:03 -0800
  • signed 2017-03-09 18:14:44 -0800
  • signed 2017-03-09 17:57:56 -0800
  • signed 2017-03-09 17:40:43 -0800
  • signed 2017-03-09 17:14:06 -0800
  • posted about this on Facebook 2017-03-09 16:39:09 -0800
    @calpers, divest from DAPL! @cacontroller @johnchiangca take action! #NoDAPL
  • signed 2017-03-09 16:38:52 -0800
    Put your money in wind and solar energy and sleep healthier at night.