Make fossil fuels a thing of the past in California
We're part of the global movement to reduce investments in fossil fuels
No new investments in coal, oil, or gas • Divest from all fossil fuels by 2020 • Make California fossil free!
After weeks of negotiations, FFCA’s bill (SB 560) defining “financial climate risk”, was passed on its second hearing by the CA Senate PER Committee. The bill’s authors are now seeking co-sponsors as the bill moves toward the Appropriations Committee.Read more
For many months, the attorneys general of New York and Massachusetts have been investigating Exxon’s decades of deception — misleading shareholders and the public about what the company’s own scientists knew about threats posed by climate change. Climate activists have launched a national campaign to urge California Attorney General Xavier Becerra to join them, and…Read more
Divestment and the need to report investments’ financial climate risks are on trial this week (April 17-24) in Sacramento. CalPERS votes Monday April 17 on their investment policy; and considers SB 560 (requires reporting of financial climate risk) on Wednesday the 19th. The State Senate PER committee reviews SB 560 on April 24.Read more
In the fight to keep oil in the ground, pension funds, banks, and other organizations managing large sums are coming under pressure to keep their money away from fossil fuel corporations. But while activists call for divestment from fossil fuel companies, the pension funds and banks seem to favor “engagement” with problematic companies while remaining invested. The…Read more