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!

 

Who's signing

38,036 signatures

Will you sign?

Showing 35977 reactions

  • signed 2017-04-22 02:51:42 -0700
    Billie Vickers
  • signed 2017-04-21 19:51:09 -0700
    Tim Young
  • signed via 2017-04-21 15:00:08 -0700
    Elizabeth Field – Problems need to be solved by negotiations, compromise and mediation – NOT bullying or listening to those who have little money, position or power, but turn a deaf ear to those who have a different opinion. Letting money talk is not the just nor fair way America wants to lead the world. Let lead by example of fairness and transparency! Thank you for your efforts in this way!
  • signed 2017-04-21 08:55:52 -0700
    Patrick I. Martin
  • signed 2017-04-21 08:51:40 -0700
  • signed 2017-04-21 07:41:22 -0700
  • signed 2017-04-21 07:38:41 -0700
  • signed 2017-04-20 09:26:52 -0700
  • 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?
  • signed 2017-04-20 05:45:51 -0700
    Nicole Morris
  • signed 2017-04-20 02:50:48 -0700
    Timothy R Lank
  • signed 2017-04-19 21:22:37 -0700
  • signed 2017-04-19 20:16:38 -0700
    Yvette Acevedo
  • signed 2017-04-19 14:33:43 -0700
  • signed 2017-04-19 13:25:51 -0700
    marjean swann
  • signed 2017-04-19 12:03:06 -0700
    Donna Cotner
  • signed 2017-04-19 06:07:55 -0700
  • signed 2017-04-19 04:19:05 -0700
    Samantha Hyde
  • signed 2017-04-19 03:31:41 -0700
  • signed 2017-04-18 21:35:22 -0700
  • signed 2017-04-18 21:25:12 -0700
    Carolyn Bartholomew
  • signed 2017-04-18 20:31:33 -0700
  • signed 2017-04-18 19:47:46 -0700
  • signed 2017-04-18 18:34:32 -0700
  • posted about this on Facebook 2017-04-18 17:14:06 -0700
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL
  • signed via 2017-04-18 17:13:21 -0700
    Martin Albert Rosenthal
  • signed 2017-04-18 16:50:17 -0700
  • signed 2017-04-18 15:51:17 -0700
  • signed 2017-04-18 13:27:56 -0700
    katarzyna merlak
  • signed 2017-04-18 12:38:21 -0700