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

  • signed 2017-03-09 16:38:25 -0800
  • signed 2017-03-09 16:07:01 -0800
  • signed 2017-03-09 15:26:46 -0800
    DAPL will bring nothing but ruin and suffering !!!!!!!!!!!!

    Stop it now or your hands will be stained forever with every resulting tragedy for generations to come!!!!!!!!!!!
  • signed 2017-03-09 15:19:20 -0800
    Charlie Palmgren
  • signed 2017-03-09 15:14:10 -0800
  • signed 2017-03-09 15:13:08 -0800
  • posted about this on Facebook 2017-03-09 15:12:50 -0800
    @calpers, divest from DAPL! @cacontroller @johnchiangca take action! #NoDAPL
  • signed 2017-03-09 15:12:19 -0800
    join the other States and cities divest from DAPL now
  • signed 2017-03-09 15:08:52 -0800
    God bless the water
  • signed via 2017-03-09 15:05:20 -0800
  • signed 2017-03-09 14:21:39 -0800
    Frank J. Lord
  • signed 2017-03-09 14:19:04 -0800
    Leave it in the ground!
  • signed 2017-03-09 14:09:38 -0800
  • signed 2017-03-09 14:08:57 -0800
  • signed 2017-03-09 13:53:25 -0800
  • @MooseCarol tweeted link to this page. 2017-03-09 13:39:56 -0800
  • signed 2017-03-09 13:39:30 -0800
    We must protect our water!
  • signed 2017-03-09 13:34:45 -0800
  • signed 2017-03-09 13:27:04 -0800
  • signed via 2017-03-09 13:23:48 -0800
  • posted about this on Facebook 2017-03-09 13:22:33 -0800
    @calpers, divest from DAPL! @cacontroller @johnchiangca take action! #NoDAPL
  • signed 2017-03-09 13:21:50 -0800
  • signed 2017-03-09 12:52:58 -0800
  • signed 2017-03-09 12:35:44 -0800
  • signed 2017-03-09 12:23:05 -0800
  • signed 2017-03-09 12:17:09 -0800
    A promise is a promise and that is what a treaty is, a promise. The United States has no honor of our promises are broken. Who will ever trust us again, we will be known across the world as liers.
  • signed 2017-03-09 12:14:54 -0800
    Divest. People don’t go into public service because they think our world is disposable, not the people, not the earth, not our environment. CalPers should divest from all non-sustainable energy investments. Both I and my ex-spouse have CalPers retirement from years working at public schools and universities. I don’t want my retirement funding to support or benefit from DAPL investments. Divest!
  • signed 2017-03-09 11:52:30 -0800
  • signed 2017-03-09 11:43:07 -0800
  • signed 2017-03-09 11:42:17 -0800