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!

 

37,931 signatures

Who's signing

Rebecca Haby
Chuck Donegan
Todd Trimble
Carole Slesinski
Richard John Switzer
Scott Lee
Kelly McInnis
LeAnn Ramirez
Karl von Heimburg
Angela Patrick
Jacqueline Mahrley
Anthony Vergillo
Judith Lang
Danika Esden-Tempski
Ronald Whitaker
Jai Jagdesh Khalsa
Courtney Matthews
Greg Braun
Eileen Coffee
Al Lane
Michael Renfrow
Allison Goodwin
Susan Regnart
Kristina Glover
Ron Raz
Sarah Ferguson
Robert Frey
Anna Rincon
Karen Oliveira
meghan follansbee

Showing 35886 reactions

  • Rebecca Haby
    signed 2017-04-16 03:01:44 -0700
    Rebecca J Haby
  • Chuck Donegan
    signed 2017-04-16 02:26:00 -0700
  • Todd Trimble
    signed 2017-04-15 22:08:51 -0700
  • Carole Slesinski
    signed 2017-04-15 22:03:17 -0700
    Carole Slesinski
  • Richard John Switzer
    signed 2017-04-15 21:43:06 -0700
    Richard John Switzer
  • Scott Lee
    signed 2017-04-15 21:12:46 -0700
  • Kelly McInnis
    signed 2017-04-15 21:00:03 -0700
  • LeAnn Ramirez
    signed 2017-04-15 20:38:02 -0700
  • Karl von Heimburg
    signed 2017-04-15 20:17:18 -0700
  • Angela Patrick
    signed 2017-04-15 20:01:19 -0700
  • Jacqueline Mahrley
    signed 2017-04-15 19:59:22 -0700
    If I had continued my membership in CalSTRS, I would cancel now that I’ve discovered that you are so invested in Dakota Pipeline companies. Everyone of us has an obligation to take care of our fellow man. As a former teacher, this is especially important — it’s what I did as a living. I cannot respect you or your views to the latter.
  • Anthony Vergillo
    signed 2017-04-15 19:26:47 -0700
    Anthony Vergillo
  • Judith Lang
    signed 2017-04-15 18:58:20 -0700
  • Danika Esden-Tempski
    signed 2017-04-15 18:43:21 -0700
  • Ronald Whitaker
    signed 2017-04-15 18:16:32 -0700
  • Jai Jagdesh Khalsa
    signed via 2017-04-15 18:01:44 -0700
  • Courtney Matthews
    signed 2017-04-15 17:52:26 -0700
  • Greg Braun
    signed 2017-04-15 17:51:26 -0700
  • Eileen Coffee
    signed 2017-04-15 17:31:15 -0700
  • Al Lane
    signed 2017-04-15 17:15:59 -0700
    Al Lane
  • Michael Renfrow
    signed 2017-04-15 17:07:20 -0700
  • Allison Goodwin
    signed 2017-04-15 16:38:15 -0700
  • Susan Regnart
    signed 2017-04-15 15:31:59 -0700
  • Kristina Glover
    signed 2017-04-15 15:15:31 -0700
  • Ron Raz
    signed 2017-04-15 15:07:21 -0700
  • Sarah Ferguson
    signed 2017-04-15 14:47:11 -0700
  • Robert Frey
    signed 2017-04-15 14:09:49 -0700
  • Anna Rincon
    signed 2017-04-15 13:50:22 -0700
  • Karen Oliveira
    signed 2017-04-15 12:58:05 -0700
  • meghan follansbee
    signed 2017-04-15 12:55:11 -0700