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!

 

30,805 signatures

Who's signing

Ben V La
Jean Metcalfe
Dean Terrell
Cynthia Schmitt
Gerald Resutek
Kyle McAdam
Thomas Mittelstaedt
Esmeralda Sandoval
Peggy Reith
Kate krader
lewis Chicklas
Rob Zantay
Leslie Darga
Jay Edelstein
Ron Gilliland
Ryan Strome
Carol Bloomer
Barbara Morkill
Samarah Uriarte
Patrice Linton
Lenore Humphrey
Andrew Segal
Tess Richards
Mary Nanninga
Carol Stewart
Lawrence Hilf
John Wienert
angela walter-schemahorn
Ava Butcher
paula cordes

Showing 28030 reactions

  • Ben V La
    signed 2017-04-15 10:52:54 -0700
    Ben V La
  • Jean Metcalfe
    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.”
  • Dean Terrell
    signed 2017-04-15 10:08:01 -0700
    Dean Terrell
  • Cynthia Schmitt
    signed 2017-04-15 09:35:00 -0700
  • Gerald Resutek
    signed 2017-04-15 09:27:10 -0700
    Gerald Resutek
  • Kyle McAdam
    signed 2017-04-15 08:49:43 -0700
  • Thomas Mittelstaedt
    signed 2017-04-15 07:51:13 -0700
  • Esmeralda Sandoval
    signed 2017-04-15 07:26:29 -0700
  • Peggy Reith
    signed 2017-04-15 06:29:50 -0700
  • Kate krader
    signed 2017-04-15 06:02:38 -0700
    kate krader
  • lewis Chicklas
    signed 2017-04-15 05:59:27 -0700
    lewis chicklas
  • Rob Zantay
    signed 2017-04-15 05:28:36 -0700
    Pipelines all leak, this is a sad fact. This pipeline has the same system for alerting those maintaining the system of leaks as the pipeline whose leaks were reported by a passerby, the system failed. This system will leak and pollute the land and water around it . What if no one passes by?
  • Leslie Darga
    signed 2017-04-15 01:48:57 -0700
  • Jay Edelstein
    signed 2017-04-15 00:19:31 -0700
  • Ron Gilliland
    signed 2017-04-14 23:38:09 -0700
    Ron Gilliland
  • Ryan Strome
    signed 2017-04-14 21:19:06 -0700
  • Carol Bloomer
    signed 2017-04-14 21:10:34 -0700
  • Barbara Morkill
    signed 2017-04-14 21:08:56 -0700
  • Samarah Uriarte
    signed 2017-04-14 21:02:45 -0700
    Samarah Uriarte
  • Patrice Linton
    signed 2017-04-14 20:55:10 -0700
    Pat Linton
  • Lenore Humphrey
    signed 2017-04-14 20:46:44 -0700
    Lenore J. Humphrey
  • Andrew Segal
    signed 2017-04-14 20:43:57 -0700
    Andrew Segal
  • Tess Richards
    signed 2017-04-14 19:35:46 -0700
    Tess R Richards
  • Mary Nanninga
    signed 2017-04-14 19:28:48 -0700
  • Carol Stewart
    signed 2017-04-14 18:37:36 -0700
    Clean energy is now LESS expensive than ANY fossil fuel, especially once you add in the cost of cleaning up the damages from leaks, crashed trains, and attempts to restore the environment damaged. And many times NO restoration works well or at all, hence the DEAD ZONE in the Gulf.
  • Lawrence Hilf
    signed 2017-04-14 18:27:28 -0700
  • John Wienert
    signed via 2017-04-14 18:21:49 -0700
  • angela walter-schemahorn
    signed 2017-04-14 18:17:36 -0700
  • Ava Butcher
    signed 2017-04-14 18:14:22 -0700
    I think we have broken enough promises and taken advantage of our Native American brothers and sisters enough. We must stop this unfair treatment and do the right thing by these people.
  • paula cordes
    signed 2017-04-14 17:55:35 -0700