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 2017-03-09 09:08:29 -0800
    Claudette Hills
  • signed 2017-03-09 09:06:26 -0800
    Alejandra Alvarez
  • signed 2017-03-09 08:58:27 -0800
    Thomas Ryan
  • signed via 2017-03-09 08:56:54 -0800
  • signed 2017-03-09 08:54:01 -0800
  • posted about this on Facebook 2017-03-09 08:51:22 -0800
    @calpers, divest from DAPL! @cacontroller @johnchiangca take action! #NoDAPL
  • signed 2017-03-09 08:50:54 -0800
    People before politics!
  • signed 2017-03-09 08:50:44 -0800
    Diane Kraft
  • signed 2017-03-09 08:49:02 -0800
  • signed 2017-03-09 08:47:33 -0800
  • signed 2017-03-09 08:46:29 -0800
  • signed 2017-03-09 08:43:51 -0800
    Dorothy Martinez
  • signed 2017-03-09 08:41:59 -0800
    I am encouraging all of the people in this country who r invested in pipelines to divest! They r destroying our water, air, and the land that our food is grown on! We need to think of the furtue generations just not ourselves. If U have children, grandchildren and great-grandchildren it’s imperative that u think of their quality of life and what we’re leaving other’s children! Narristisically grabbing everything for ourselves must stop. It’s been going on for centuries and Mother Earth is finally saying she’s had enough! Trump encourages such behavior b/c he’s a sociopath who can’t even think of his own grandchildren’s future! Sadly, he’s taught his children the same lame and abusive values! Divest now and lead the way for others!
  • signed 2017-03-09 08:41:44 -0800
    Martin Schnur
  • signed 2017-03-09 08:37:15 -0800
    Norman Thalheimer
  • signed 2017-03-09 08:24:24 -0800
  • signed 2017-03-09 08:17:18 -0800
    Lets stop the big companies by profitting fro these dangerous pipelines. Respect the rights and treaties of all Native Americans.
  • signed 2017-03-09 08:16:37 -0800
  • posted about this on Facebook 2017-03-09 08:13:36 -0800
    @calpers, divest from DAPL! @cacontroller @johnchiangca take action! #NoDAPL
  • signed 2017-03-09 08:13:18 -0800
  • signed 2017-03-09 08:12:29 -0800
  • signed 2017-03-09 08:10:24 -0800
  • signed 2017-03-09 08:09:09 -0800
    H Motter
  • signed 2017-03-09 08:04:00 -0800
  • signed 2017-03-09 08:01:51 -0800
    Because CA is setting an example for our nation, please remove CA from the Standing Rock crime! Indian Land and belongs to the. Indians exclusively!!!
  • signed 2017-03-09 07:51:08 -0800
  • signed 2017-03-09 07:47:59 -0800
  • signed 2017-03-09 07:45:54 -0800
  • signed 2017-03-09 07:44:36 -0800
  • signed 2017-03-09 07:40:34 -0800