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

Nicole Morris
Timothy Lank
Sheila Rekdal
marjean swann
Donna Cotner
Samantha Hyde Hyde
Carol Sears
Mindy Rouff
Carolyn Bartholomew
Deanna Watson
Schuyler Kempton
Jacqui Rhinehart
Montse de la Garma
katarzyna merlak
Terry McCall
steve Brennan
Dale Westberg
Danielle D'Alessio
Victoria Dolan
Donna Mikulka
James Derzon
Elena Moutier
E.  Wheeler Wheeler
Georgia Vlachou
Alyisa Chenoweth
brian rasnow
Kathryn Derwey
W Lai
Mayme Siders

Showing 28030 reactions

  • Nicole Morris
    signed 2017-04-20 05:45:51 -0700
    Nicole Morris
  • Timothy Lank
    signed 2017-04-20 02:50:48 -0700
    Timothy R Lank
  • Sheila Rekdal
    signed 2017-04-19 14:33:43 -0700
  • marjean swann
    signed 2017-04-19 13:25:51 -0700
    marjean swann
  • Donna Cotner
    signed 2017-04-19 12:03:06 -0700
    Donna Cotner
  • Samantha Hyde Hyde
    signed 2017-04-19 04:19:05 -0700
    Samantha Hyde
  • Carol Sears
    signed 2017-04-19 03:31:41 -0700
  • Mindy Rouff
    signed 2017-04-18 21:35:22 -0700
  • Carolyn Bartholomew
    signed 2017-04-18 21:25:12 -0700
    Carolyn Bartholomew
  • Deanna Watson
    signed 2017-04-18 19:47:46 -0700
  • Schuyler Kempton
    signed 2017-04-18 18:34:32 -0700
  • Jacqui Rhinehart
    signed 2017-04-18 16:50:17 -0700
  • Montse de la Garma
    signed 2017-04-18 15:51:17 -0700
  • katarzyna merlak
    signed 2017-04-18 13:27:56 -0700
    katarzyna merlak
  • Terry McCall
    signed via 2017-04-18 10:24:52 -0700
  • steve Brennan
    signed 2017-04-18 09:56:06 -0700
  • Dale Westberg
    signed 2017-04-18 09:53:43 -0700
  • Danielle D'Alessio
    signed 2017-04-18 09:21:51 -0700
  • Victoria Rose
    @_VictoriaDolan tweeted link to this page. 2017-04-18 09:01:31 -0700
  • Victoria Dolan
    signed 2017-04-18 09:01:19 -0700
    Victoria Dolan
  • Donna Mikulka
    signed 2017-04-18 08:54:46 -0700
    Donna Mikulka
  • James Derzon
    signed 2017-04-18 07:18:04 -0700
    James Derzon
  • Elena Moutier
    signed 2017-04-18 05:24:45 -0700
  • E.  Wheeler Wheeler
    signed 2017-04-18 02:09:51 -0700
  • Georgia Vlachou
    signed 2017-04-18 01:04:13 -0700
  • Alyisa Chenoweth
    signed 2017-04-17 22:51:20 -0700
  • brian rasnow
    signed 2017-04-17 21:52:37 -0700
    As a member of Calpers, its very important that my money is invested in solutions to our future problems and not in supporting the corporations that are causing global warming.
  • Kathryn Derwey
    signed via 2017-04-17 21:15:12 -0700
  • W Lai
    signed 2017-04-17 20:54:23 -0700
    W Lai
  • Mayme Siders
    signed 2017-04-17 20:45:03 -0700