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!

 

37,939 signatures

Who's signing

John Templeton
Jesse Agee
Sandy Lambo
Deborah Hoff
Susan Gustafson
Billie Vickers
Tim Young
James Corr
Patrick Martin
Kathy McGlone
Christine Viscuso
Corielle Riddell
Kurt Schwarz
Gretchen Simpson
Nicole Morris
Timothy Lank
Tom Bolich
Yvette Acevedo
Sheila Rekdal
marjean swann
Donna Cotner
Cheryl Jones
Samantha Hyde Hyde
Carol Sears
Mindy Rouff
Carolyn Bartholomew
Wes Howard
Deanna Watson
Schuyler Kempton

Showing 35894 reactions

  • John Templeton
    signed 2017-04-23 13:32:48 -0700
    John J. Templeton Sr.
  • Jesse Agee
    signed 2017-04-23 06:58:40 -0700
  • Sandy Lambo
    signed 2017-04-22 16:14:53 -0700
    Sandy lambo
  • Deborah Hoff
    signed 2017-04-22 11:44:45 -0700
    Don’t be part of this travesty, protect the water as you would life.
  • Susan Gustafson
    signed 2017-04-22 09:06:55 -0700
  • Billie Vickers
    signed 2017-04-22 02:51:42 -0700
    Billie Vickers
  • Tim Young
    signed 2017-04-21 19:51:09 -0700
    Tim Young
  • James Corr
    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!
  • Patrick Martin
    signed 2017-04-21 08:55:52 -0700
    Patrick I. Martin
  • Kathy McGlone
    signed 2017-04-21 08:51:40 -0700
  • Christine Viscuso
    signed 2017-04-21 07:41:22 -0700
  • Corielle Riddell
    signed 2017-04-21 07:38:41 -0700
  • Kurt Schwarz
    signed 2017-04-20 09:26:52 -0700
  • Gretchen Simpson
    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?
  • 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
  • Tom Bolich
    signed 2017-04-19 21:22:37 -0700
  • Yvette Acevedo
    signed 2017-04-19 20:16:38 -0700
    Yvette Acevedo
  • 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
  • Cheryl Jones
    signed 2017-04-19 06:07:55 -0700
  • 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
  • Wes Howard
    signed 2017-04-18 20:31:33 -0700
  • Deanna Watson
    signed 2017-04-18 19:47:46 -0700
  • Schuyler Kempton
    signed 2017-04-18 18:34:32 -0700
  • Martin Rosenthal
    posted about this on Facebook 2017-04-18 17:14:06 -0700
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL