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

Michael P. Cherry
Sheryl Post
Michael Briney
Michael Glasheen
Claire Malina
Annita Clark-Weaver
Philip Strickland
Virginia Lee
Amy Collins
Patricia Hyde
Sheila Kelley
Richard M Vartanian
Jay Jones
Dawn Tollefson
beryle alexis
Elizabeth Cross
Jamie Morris
Robert Sheen
Amy Glodich
Marc DeLateur
Rose Penelope Yee
Ken Windrum
Michael Halloran
janet Hendricks
Joyce Massad
Margaret Bailey
Lara Boles

Showing 28030 reactions

  • David Zaccagnino
    posted about this on Facebook 2016-12-08 16:14:01 -0800
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL
  • Michael P. Cherry
    signed 2016-12-08 16:13:58 -0800
  • Sheryl Post
    signed 2016-12-08 16:13:57 -0800
  • Michael Briney
    signed 2016-12-08 16:13:50 -0800
  • Michael Glasheen
    signed 2016-12-08 16:13:41 -0800
  • Claire Malina
    signed 2016-12-08 16:13:36 -0800
  • Annita Clark-Weaver
    signed 2016-12-08 16:13:36 -0800
  • Philip Strickland
    signed 2016-12-08 16:13:34 -0800
  • Edna Mullen
    posted about this on Facebook 2016-12-08 16:13:32 -0800
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL
  • Edna Mullen
    @Tim_Mullen tweeted link to this page. 2016-12-08 16:13:29 -0800
  • Virginia Lee
    signed 2016-12-08 16:13:26 -0800
  • Amy Collins
    signed 2016-12-08 16:13:10 -0800
  • Patricia Hyde
    signed 2016-12-08 16:13:09 -0800
  • Sheila Kelley
    signed 2016-12-08 16:13:06 -0800
  • Richard M Vartanian
    signed 2016-12-08 16:13:01 -0800
  • Jay Jones
    signed 2016-12-08 16:12:58 -0800
  • Dawn Tollefson
    signed 2016-12-08 16:12:53 -0800
  • beryle alexis
    signed 2016-12-08 16:12:52 -0800
  • Elizabeth Cross
    signed 2016-12-08 16:12:47 -0800
  • Jamie Morris
    signed 2016-12-08 16:12:45 -0800
  • Robert Sheen
    signed 2016-12-08 16:12:40 -0800
  • Amy Glodich
    signed 2016-12-08 16:12:38 -0800
  • Marc DeLateur
    signed 2016-12-08 16:12:27 -0800
  • Rose Penelope Yee
    signed 2016-12-08 16:12:13 -0800
  • Ken Windrum
    signed 2016-12-08 16:12:10 -0800
  • Michael Halloran
    signed 2016-12-08 16:12:02 -0800
  • janet Hendricks
    signed 2016-12-08 16:11:47 -0800
  • Joyce Massad
    signed 2016-12-08 16:11:45 -0800
  • Margaret Bailey
    signed 2016-12-08 16:11:30 -0800
  • Lara Boles
    signed 2016-12-08 16:11:30 -0800