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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31,931 signatures

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Showing 30507 reactions

  • signed 2017-03-09 07:36:33 -0800
    Indigenous rights matter! And the water is for all of us.
  • signed 2017-03-09 07:31:09 -0800
    The time is now to do what is right.
  • posted about this on Facebook 2017-03-09 07:26:35 -0800
    @calpers, divest from DAPL! @cacontroller @johnchiangca take action! #NoDAPL
  • signed 2017-03-09 07:26:15 -0800
    Pipelines arebad for the Earth and all her living creatures: sooner or later, they fail and pollute. Investment decision made far away can affect the lives of those who have no direct connection to where that money is going. CALPERS must do the right thing.
  • signed 2017-03-09 07:25:59 -0800
    Joan Carello
  • signed 2017-03-09 07:23:51 -0800
    fraser outten
  • signed 2017-03-09 07:21:24 -0800
    What is happening at the DAP is just wrong! Our water,our planet and Native Nations rights are MORE important than moving dirty tars sands to refineries for the profit of greedy corporations.
  • signed 2017-03-09 07:21:02 -0800
    We are here to protect and preserve this planet for the future

    Not to abuse and destroy it for money
  • signed 2017-03-09 07:20:19 -0800
    Tom Voiles
  • signed 2017-03-09 07:19:32 -0800
  • signed 2017-03-09 07:18:25 -0800
  • signed 2017-03-09 07:13:26 -0800
  • signed 2017-03-09 07:12:17 -0800
  • signed 2017-03-09 07:12:14 -0800
  • signed 2017-03-09 07:09:14 -0800
    My prayers for all Native Americans ! I stand with you ! Dominican Sister of Hope

    Sister Patricia Flynn OP
  • signed 2017-03-09 07:06:15 -0800
  • signed 2017-03-09 06:59:58 -0800
  • signed 2017-03-09 06:55:16 -0800
  • signed 2017-03-09 06:54:26 -0800
    This pipeline is not in line with California’s values. It will hurt a lot of people and take them from their ancestral homeland.Land they grew up on and was granted to them long ago.It’s not right and it’s not my idea of how people should be treated. Imagine the stress this has already placed on these people.They do not deserve to be treated this way! Stop this pipeline at once!
  • signed 2017-03-09 06:47:02 -0800
  • signed via 2017-03-09 06:34:44 -0800
    John Bator
  • signed 2017-03-09 06:33:58 -0800
  • signed 2017-03-09 06:31:18 -0800
    Dante Renzoni
  • signed 2017-03-09 06:23:52 -0800
    the investments of our retirement funds, etc. need to be exposed for investing practices that make us all jomplicent in the destruction of jour environment. elizabeth maloney
  • signed 2017-03-09 06:12:20 -0800
    Heidi Larson
  • signed 2017-03-09 06:08:01 -0800
    You are being complicit is destroying “America the Beautiful”! CaliPERS has a deep pocketed retirement fund while jeopardizing their children’s future! Pure, unadulterated GREED!!!
  • signed 2017-03-09 06:05:57 -0800
    Barbara Spink
  • signed 2017-03-09 06:03:08 -0800
  • signed 2017-03-09 05:53:09 -0800
  • signed 2017-03-09 05:51:16 -0800
    I will be with you on standing up with all across the country. And look for a place to stand with others if

    I can find a group. I live in New Hampshire