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!

 

38,010 signatures

Who's signing

Showing 35957 reactions

  • signed 2017-04-15 18:58:20 -0700
  • signed 2017-04-15 18:43:21 -0700
  • signed 2017-04-15 18:16:32 -0700
  • signed via 2017-04-15 18:01:44 -0700
  • signed 2017-04-15 17:52:26 -0700
  • signed 2017-04-15 17:51:26 -0700
  • signed 2017-04-15 17:31:15 -0700
  • signed 2017-04-15 17:15:59 -0700
    Al Lane
  • signed 2017-04-15 17:07:20 -0700
  • signed 2017-04-15 16:38:15 -0700
  • signed 2017-04-15 15:31:59 -0700
  • signed 2017-04-15 15:15:31 -0700
  • signed 2017-04-15 15:07:21 -0700
  • signed 2017-04-15 14:47:11 -0700
  • signed 2017-04-15 14:09:49 -0700
  • signed 2017-04-15 13:50:22 -0700
  • signed 2017-04-15 12:58:05 -0700
  • signed 2017-04-15 12:55:11 -0700
  • signed 2017-04-15 12:39:30 -0700
  • signed 2017-04-15 12:04:19 -0700
  • signed 2017-04-15 12:03:51 -0700
    Please divest from planetary destruction.
  • signed 2017-04-15 11:54:21 -0700
    Steven Millan
  • signed 2017-04-15 11:07:23 -0700
    Enough of the oil drilling, fracking, and oil spills that are destroying our environment. Support renewable energy.
  • signed 2017-04-15 10:52:54 -0700
    Ben V La
  • signed 2017-04-15 10:45:37 -0700
  • signed 2017-04-15 10:12:02 -0700
    California always gives me hope for the rest of us. As the saying goes, “So goes California, so goes the rest of the country.”
  • signed 2017-04-15 10:08:01 -0700
    Dean Terrell
  • posted about this on Facebook 2017-04-15 10:01:58 -0700
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL
  • signed 2017-04-15 10:01:05 -0700
  • signed 2017-04-15 09:35:00 -0700