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 →
Thanks for being with us.