Sign our petition urging CalPERS and CalSTRS to divest now from Energy Transfer Partners.
On January 24, Donald Trump signed executive orders to re-start construction of the Keystone XL and Dakota Access oil pipelines. Resist Trump’s pipeline revival! Ask our state pension funds to get rid of their investments in the Dakota Access Pipeline. Completion of the Dakota Access Pipeline violates tribal rights and threatens the water supply of the Standing Rock Sioux and 17 million Americans downstream.
Both CalSTRS and CalPERS hold significant investments in Energy Transfer Partners, the conglomeration of companies building DAPL. CalPERS investments total about $65 million, CalSTRS about $30 million. Most of the funds’ holdings are in corporate bonds, high-risk investments that companies sell to raise funds for construction projects. Investors buying corporate bonds are essentially betting on project success.
Please sign the petition now, to tell CalPERS and CalSTRS you don’t want our state’s pension funds betting on completion of the Dakota Access Pipeline.