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 11:39:08 -0800
    Patrice MARTIN
  • signed 2017-03-09 11:37:16 -0800
  • signed 2017-03-09 11:18:16 -0800
  • signed 2017-03-09 11:14:16 -0800
  • signed 2017-03-09 11:10:17 -0800
  • signed 2017-03-09 11:05:23 -0800
    Dyan Gibson
  • signed 2017-03-09 10:57:13 -0800
  • signed 2017-03-09 10:53:20 -0800
  • posted about this on Facebook 2017-03-09 10:51:17 -0800
    @calpers, divest from DAPL! @cacontroller @johnchiangca take action! #NoDAPL
  • @carolyndennison tweeted link to this page. 2017-03-09 10:51:14 -0800
  • signed 2017-03-09 10:50:42 -0800
  • signed 2017-03-09 10:48:45 -0800
    Patrice Wallace
  • signed 2017-03-09 10:48:26 -0800
  • signed 2017-03-09 10:46:30 -0800
    XL Pipeline previously fought against: Goes through one of the world’s largest aquifers that stretches from Nebraska through Texas……THAT was the reason for the fight! Tribal lands in Arizona with poisoned water by Fracking, in Wisconsin Tribal Lands under attack with Mining while releasing Toxins into air & poisoning streams and rivers. When will we put a STOP to this insanity?
  • signed 2017-03-09 10:46:01 -0800
  • signed 2017-03-09 10:41:44 -0800
    Pls dont invest in hateful businesses with money earned from the hard toil of ca’s tax payers!
  • signed 2017-03-09 10:38:52 -0800
    I do not want my money supporting DAPL!! Clean water is more important than money.
  • signed 2017-03-09 10:26:40 -0800
    janice goff
  • signed 2017-03-09 10:14:19 -0800
  • signed 2017-03-09 10:03:04 -0800
    Elizabeth Herrin
  • posted about this on Facebook 2017-03-09 09:57:15 -0800
    @calpers, divest from DAPL! @cacontroller @johnchiangca take action! #NoDAPL
  • signed 2017-03-09 09:56:59 -0800
    Valencia, California, 91354
  • signed 2017-03-09 09:47:58 -0800
    Margaret L Mead Having more pipelines carrying dirty fuels is a disaster waiting to happen and is NOT good for the environment in any manner. These companies do NOT have a right to take people’s land under “eminent domain.” They are for PROFITNOT the public good! The Native Americans have been abused by our governments far too long and it’s way past time this stops; treaties, their sacred places, etc., need to be respected and honored.
  • signed 2017-03-09 09:46:38 -0800
    Anne Donadey
  • signed 2017-03-09 09:45:32 -0800
  • signed 2017-03-09 09:37:25 -0800
  • signed 2017-03-09 09:29:55 -0800
    Susan Mason
  • signed 2017-03-09 09:17:03 -0800
    Virginia Baker
  • signed 2017-03-09 09:13:53 -0800
  • signed 2017-03-09 09:13:39 -0800