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!

 

37,943 signatures

Who's signing

Jacqui Rhinehart
Montse de la Garma
katarzyna merlak
Robert Decker
Terry McCall
Ms Michaell A
steve Brennan
Dale Westberg
Danielle D'Alessio
Victoria Dolan
Donna Mikulka
James Derzon
Elena Moutier
E.  Wheeler Wheeler
Georgia Vlachou
dieter bartels
Alyisa Chenoweth
Jason Fish
brian rasnow
Kathryn Derwey
W Lai
Mayme Siders
Jean Dodier
Erin Gellman
Vince Costa
Helen Jo Williams
David Kunhardt
Jo Glancy
Donna Todd

Showing 35898 reactions

  • 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
  • Robert Decker
    signed 2017-04-18 12:38:21 -0700
  • Terry McCall
    signed via 2017-04-18 10:24:52 -0700
  • Ms Michaell A
    signed 2017-04-18 10:13:08 -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
  • dieter bartels
    signed 2017-04-18 00:40:28 -0700
  • Alyisa Chenoweth
    signed 2017-04-17 22:51:20 -0700
  • Jason Fish
    signed 2017-04-17 22:10:13 -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
  • Jean Dodier
    signed 2017-04-17 19:03:00 -0700
  • Erin Gellman
    signed 2017-04-17 18:55:14 -0700
  • Vince Costa
    signed 2017-04-17 18:38:55 -0700
  • Helen Jo Williams
    signed 2017-04-17 18:35:56 -0700
  • David Kunhardt
    signed 2017-04-17 17:45:02 -0700
    David Kunhardt
  • Jo Glancy
    signed 2017-04-17 17:23:21 -0700
  • Donna Todd
    signed 2017-04-17 17:14:00 -0700
    Donna Todd