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!

 

37,943 signatures

Who's signing

ramona alpern
Yosh Yosh
Steven Millan
Lee Smith
Ben V La
Rhett Baruch
Jean Metcalfe
Dean Terrell
Ronald leBrane
Cynthia Schmitt
Gerald Resutek
Kyle McAdam
Thomas Mittelstaedt
Esmeralda Sandoval
Peggy Reith
kate krader
lewis Chicklas
Joseph Schanda
Rob Zantay
Leslie Darga
Jay Edelstein
Ron Gilliland
joan silaco
Ryan Strome
Carol Bloomer
Barbara Morkill
Samarah Uriarte

Showing 35898 reactions

  • ramona alpern
    signed 2017-04-15 12:04:19 -0700
  • Yosh Yosh
    signed 2017-04-15 12:03:51 -0700
    Please divest from planetary destruction.
  • Steven Millan
    signed 2017-04-15 11:54:21 -0700
    Steven Millan
  • Lee Smith
    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.
  • Ben V La
    signed 2017-04-15 10:52:54 -0700
    Ben V La
  • Rhett Baruch
    signed 2017-04-15 10:45:37 -0700
  • 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
  • Ronald Le Brane
    posted about this on Facebook 2017-04-15 10:01:58 -0700
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL
  • Ronald leBrane
    signed 2017-04-15 10:01:05 -0700
  • 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
  • Joseph Schanda
    signed 2017-04-15 05:56:23 -0700
    Joseph Schanda
  • 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
  • joan silaco
    posted about this on Facebook 2017-04-14 23:21:55 -0700
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL
  • joan silaco
    @joansilaco tweeted link to this page. 2017-04-14 23:21:50 -0700
  • joan silaco
    signed 2017-04-14 23:21:34 -0700
  • 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