Friend, did you know Californians’ retirements are bankrolling fossil fuel corporate profits?

The California Public Employees Retirement System (CalPERS) and the California State Teachers Retirement System (CalSTRS) are the agencies that invest the pension funds of state employees and teachers, respectively.

And right now, those pension funds are investing BILLIONS OF DOLLARS into fossil fuel companies.

We can’t be fighting to solve the climate crisis while simultaneously investing billions into companies that are the primary cause of climate change.

Fortunately, State Senator Lena Gonzalez has introduced the Fossil Fuel Divestment Act (SB 252), which will stop CalPERS and CalSTRS from investing in fossil fuel companies, require them to divest current holdings by 2030, and issue reports on their divestment progress annually starting in 2025.

Will you sign our petition calling on our California leaders to pass this critical bill to stand up to corporate polluters and help end our reliance on fossil fuels?

Add my name → [link removed]

CalPERS is investing $7.4 billion of state employees’ pensions in the 200 biggest fossil fuel companies. CalSTRS is investing teachers’ pensions in 174 fossil fuel companies.

Friend, it’s outrageous for California, which strives to be a global leader in the fight to solve the climate crisis, to still be investing in fossil fuel companies at all, much less to this extent.

At a time when Californians’ health, lives, and livelihoods are on the line from record heat waves, floods, pollution, and extreme wildfires, we should be transitioning AWAY from fossil fuels rather than propping up fossil fuel billionaires with our retirement dollars.

And the dollars of teachers especially, who make up one of the most environmentally conscious professions, shouldn’t be propping up the fossil fuel industry.

If we work together to weaken the influence of corporate polluters and end our reliance on fossil fuels, we can build out a clean energy economy and vibrant democracy that is just and sustainable for all.

California must remain true to its climate commitments as well as its moral values when it comes to investment choices. Show your support for the Fossil Fuel Divestment Act by signing our digital petition to the California Legislature → [link removed]

Thanks for being with us.


[PIC]
Melissa Romero
Senior Legislative Manager
California Environmental Voters
(formerly CLCV)



California Environmental Voters (formerly CLCV)
350 Frank H. Ogawa Plaza, Suite 1100
Oakland, CA 94612
United States
+15102710900 | [email protected]

EnviroVoters is hiring! Join us to work on critical climate legislation work. [[link removed]?]

California Environmental Voters (EnviroVoters), formerly California League of Conservation Voters, exists to build the political power to solve the climate crisis, advance justice, and create a roadmap for global action. To protect our air, land, water, and future, we organize voters, elect and train candidates, and hold lawmakers accountable for bold policy change. Our vision is to solve the climate crisis, build resilient, connected, healthy communities, and create a democracy and economy that is just and sustainable for all.

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