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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  • signed 2017-04-16 17:57:13 -0700
    Lem Londos Railsback
  • signed 2017-04-16 17:20:23 -0700
  • signed 2017-04-16 16:06:33 -0700
    Carole Connet
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    Sherry O’Sullivan
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    Virginia Haradon
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  • signed 2017-04-16 10:56:42 -0700
    Tina Bissett
  • signed 2017-04-16 10:47:13 -0700
  • signed 2017-04-16 10:31:34 -0700
  • signed 2017-04-16 10:23:24 -0700
    I was born and raised in California and still consider it my state. For the most part, California has been on the side of the angels. This support of another oil transportation line that crosses Native American lands (and goes under a lake WITHOUT permission) is not on the side of the angels. This line leads to no advantages for Americans and almost certain oil spills for us to clean up. Do no support this oil line. It is very poor business.
  • signed 2017-04-16 09:18:01 -0700
    Beverly Cox
  • signed 2017-04-16 09:02:43 -0700
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  • signed 2017-04-16 07:10:41 -0700
    Lauren Gusinow
  • signed 2017-04-16 07:02:42 -0700
    Come into the now- clean energy- wind, solar( unlimited!)
  • signed 2017-04-16 06:40:17 -0700
    Sara Ellisson
  • signed 2017-04-16 06:29:09 -0700
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    Rebecca J Haby
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  • signed 2017-04-15 22:03:17 -0700
    Carole Slesinski
  • signed 2017-04-15 21:43:06 -0700
    Richard John Switzer