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!

 

38,041 signatures

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Showing 35984 reactions

  • 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?
  • signed 2017-04-15 01:48:57 -0700
  • signed 2017-04-15 00:19:31 -0700
  • signed 2017-04-14 23:38:09 -0700
    Ron Gilliland
  • posted about this on Facebook 2017-04-14 23:21:55 -0700
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL
  • @joansilaco tweeted link to this page. 2017-04-14 23:21:50 -0700
  • signed 2017-04-14 23:21:34 -0700
  • signed 2017-04-14 21:19:06 -0700
  • signed 2017-04-14 21:10:34 -0700
  • signed 2017-04-14 21:08:56 -0700
  • signed 2017-04-14 21:02:45 -0700
    Samarah Uriarte
  • signed 2017-04-14 20:55:10 -0700
    Pat Linton
  • signed 2017-04-14 20:46:44 -0700
    Lenore J. Humphrey
  • signed 2017-04-14 20:43:57 -0700
    Andrew Segal
  • signed 2017-04-14 19:58:21 -0700
  • signed 2017-04-14 19:35:46 -0700
    Tess R Richards
  • signed 2017-04-14 19:28:48 -0700
  • signed via 2017-04-14 19:17:25 -0700
    The DAPL is a climate-destroying travesty that must not be supported in any way, shape or form. Divest NOW!!!
  • 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.
  • signed 2017-04-14 18:37:29 -0700
  • signed 2017-04-14 18:27:28 -0700
  • signed via 2017-04-14 18:21:49 -0700
  • signed 2017-04-14 18:17:36 -0700
  • 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.
  • signed 2017-04-14 17:55:35 -0700
  • signed 2017-04-14 17:54:46 -0700
  • posted about this on Facebook 2017-04-14 17:49:43 -0700
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL
  • @pangy54321 tweeted link to this page. 2017-04-14 17:49:38 -0700
  • signed 2017-04-14 17:48:13 -0700
    Noah Workman
  • signed 2017-04-14 17:15:14 -0700