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!

 

38,041 signatures

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Showing 35984 reactions

  • 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.
  • signed via 2017-04-17 21:15:12 -0700
  • signed 2017-04-17 20:54:23 -0700
    W Lai
  • signed 2017-04-17 20:45:03 -0700
  • signed 2017-04-17 19:03:00 -0700
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  • signed 2017-04-17 18:38:55 -0700
  • signed 2017-04-17 18:35:56 -0700
  • signed 2017-04-17 17:45:02 -0700
    David Kunhardt
  • signed 2017-04-17 17:23:21 -0700
  • signed 2017-04-17 17:14:00 -0700
    Donna Todd
  • signed 2017-04-17 16:08:48 -0700
    Ronald Wieschowski
  • signed 2017-04-17 15:34:57 -0700
    Kathleen Shea
  • signed 2017-04-17 15:26:10 -0700
  • signed 2017-04-17 15:04:41 -0700
  • signed 2017-04-17 13:38:19 -0700
    Sarah C. Hall
  • signed 2017-04-17 11:58:12 -0700
    hopp
  • signed 2017-04-17 11:28:15 -0700
  • signed 2017-04-17 11:19:49 -0700
    Amelea Canaris
  • signed 2017-04-17 10:47:21 -0700
    pamela clutts
  • signed 2017-04-17 08:54:54 -0700
  • signed 2017-04-17 08:44:00 -0700
    DAPL is anti-earth, anti-environment, anti-health. This kind of fossil fuel development is dangerously stupid.
  • signed 2017-04-17 08:32:10 -0700
  • signed 2017-04-17 08:31:40 -0700
  • signed 2017-04-17 08:19:32 -0700
  • posted about this on Facebook 2017-04-17 06:31:25 -0700
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL
  • signed 2017-04-17 06:31:04 -0700
  • posted about this on Facebook 2017-04-17 06:00:42 -0700
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL
  • signed 2017-04-17 06:00:31 -0700
  • signed 2017-04-17 05:58:21 -0700