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!

 

37,927 signatures

Who's signing

Marlan Harris
Harry and Jill Brownfield
C. Sondheimer
meaveen o'connor
Linda Frankel
C McGee
leanne
Teralyn Siller
Ernest Goitein
Patricia McCain
Chris Pedone
Stacey Govito
Mathew Wahrman
Nancy Hall
Gary Overby
Vonni Davis
Peter Curia
Chris Gross
Jonsey Malone Malone
D'Arcy
Jamilah Elder
Kirk Rhoads
Christina Maertens
Richard Jones
Wendy Li
John Alessi
joe mogel
LSteven Day

Showing 35882 reactions

  • Marlan Harris
    signed 2018-09-12 01:55:23 -0700
  • Harry and Jill Brownfield
    signed 2018-07-07 13:25:58 -0700
  • C. Sondheimer
    signed 2018-06-19 09:03:53 -0700
    C. Sondheimer
  • meaveen o'connor
    signed 2018-06-18 17:09:24 -0700
  • Linda Frankel
    signed 2018-06-09 10:05:15 -0700
  • C McGee
    signed 2018-04-26 19:22:01 -0700
  • leanne
    signed via 2018-04-22 19:34:48 -0700
  • Teralyn Siller
    signed 2018-04-05 22:25:51 -0700
  • Ernest Goitein
    signed 2018-02-28 11:03:33 -0800
  • Patricia McCain
    signed via 2018-02-08 05:55:41 -0800
    Patricia` McCain
  • Chris Pedone
    signed 2017-12-12 06:59:06 -0800
  • Stacey Govito
    signed 2017-12-06 13:30:35 -0800
  • Mathew Wahrman
    signed 2017-11-11 08:08:42 -0800
  • Nancy Hall
    signed 2017-10-29 14:07:07 -0700
  • Gary Overby
    signed 2017-10-15 16:14:43 -0700
  • Vonni Davis
    posted about this on Facebook 2017-10-09 09:07:21 -0700
    @CalPERS, divest from DAPL! @CAController @JohnChiangCA take action! #NoDAPL
  • Vonni Davis
    signed via 2017-10-09 09:06:12 -0700
  • Peter Curia
    signed 2017-09-27 15:57:11 -0700
  • Chris Gross
    signed 2017-09-24 21:20:40 -0700
    Chris Gross
  • Jonsey Malone Malone
    signed 2017-09-24 17:56:01 -0700
  • D'Arcy
    signed 2017-09-18 20:47:30 -0700
  • Jamilah Elder
    @jae4Revolution tweeted link to this page. 2017-09-06 15:17:25 -0700
  • Jamilah Elder
    signed 2017-09-06 15:17:15 -0700
  • Kirk Rhoads
    signed via 2017-08-12 04:58:09 -0700
    Kirk Rhoads
  • Christina Maertens
    signed 2017-08-11 16:48:44 -0700
  • Richard Jones
    signed 2017-08-08 15:16:55 -0700
    Please divest from fossil fuel and other polluting industries. Instead invest in sustainable local energy production and efficiency technologies.
  • Wendy Li
    signed 2017-08-05 14:37:05 -0700
  • John Alessi
    signed 2017-08-01 11:59:11 -0700
  • joe mogel
    signed via 2017-07-19 21:12:37 -0700
  • LSteven Day
    signed 2017-07-19 17:18:13 -0700