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

Terry Latschar
Florence Arnold
Charles L. Zorbaugh, Sr. Zorbaugh, Sr.
Lem Londos Railsback
Beth Krohn
Carole Connet
Sherry O'Sullivan
Barbara Charles
Laurie Williams
Virginia Haradon
Kelly DeVine
Maggie A.
Carolyn Burley
Scott Dannenbring
Tina Bissett
Fay Jones
Cindy Rodriguez
Mary N. Swersey
Beverly Cox
Sherry Stischok
D Tyree
William Long
B. Newman
Lauren Gusinow
Jean Murray
Sara Ellisson
Siera Burtrum Burtrum
Cheryl McAtee
Rebecca Haby

Showing 35898 reactions

  • Terry Latschar
    signed 2017-04-16 20:38:16 -0700
    Terry Latschar
  • Florence Arnold
    signed 2017-04-16 19:00:42 -0700
  • Charles L. Zorbaugh, Sr. Zorbaugh, Sr.
    posted about this on Facebook 2017-04-16 18:04:11 -0700
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL
  • Charles L. Zorbaugh, Sr. Zorbaugh, Sr.
    signed 2017-04-16 18:03:53 -0700
  • Lem Londos Railsback
    signed 2017-04-16 17:57:13 -0700
    Lem Londos Railsback
  • Beth Krohn
    signed 2017-04-16 17:20:23 -0700
  • Carole Connet
    signed 2017-04-16 16:06:33 -0700
    Carole Connet
  • Sherry O'Sullivan
    signed 2017-04-16 15:40:59 -0700
    Sherry O’Sullivan
  • Barbara Charles
    signed 2017-04-16 15:26:45 -0700
  • Laurie Williams
    signed 2017-04-16 15:24:17 -0700
  • Virginia Haradon
    signed 2017-04-16 14:55:40 -0700
    Virginia Haradon
  • Kelly DeVine
    signed 2017-04-16 14:49:50 -0700
  • Maggie A.
    signed 2017-04-16 14:43:17 -0700
  • Carolyn Burley
    signed 2017-04-16 13:13:36 -0700
  • Scott Dannenbring
    signed 2017-04-16 13:12:56 -0700
  • Tina Bissett
    signed 2017-04-16 10:56:42 -0700
    Tina Bissett
  • Fay Jones
    signed 2017-04-16 10:47:13 -0700
  • Cindy Rodriguez
    signed 2017-04-16 10:31:34 -0700
  • Mary N. Swersey
    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.
  • Beverly Cox
    signed 2017-04-16 09:18:01 -0700
    Beverly Cox
  • Sherry Stischok
    signed 2017-04-16 09:02:43 -0700
  • D Tyree
    signed 2017-04-16 08:51:51 -0700
  • William Long
    signed 2017-04-16 08:41:44 -0700
  • B. Newman
    signed 2017-04-16 07:11:11 -0700
  • Lauren Gusinow
    signed 2017-04-16 07:10:41 -0700
    Lauren Gusinow
  • Jean Murray
    signed 2017-04-16 07:02:42 -0700
    Come into the now- clean energy- wind, solar( unlimited!)
  • Sara Ellisson
    signed 2017-04-16 06:40:17 -0700
    Sara Ellisson
  • Siera Burtrum Burtrum
    signed 2017-04-16 06:29:09 -0700
  • Cheryl McAtee
    signed 2017-04-16 03:48:22 -0700
  • Rebecca Haby
    signed 2017-04-16 03:01:44 -0700
    Rebecca J Haby