Posts by Sandy Emerson

Move Your Money: How to Break Up with Your Bank

Fossil Free California’s recent “Move Your Money” seminar drew a good crowd of people looking to break up with their big banks and move their checking, savings, and credit cards to a socially responsible bank or credit union.  Over the last year, “DefundDAPL” and related projects have inspired people to move more than $81 million…

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SB 560 Passed by Key CA Senate Committee

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.

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Ask California to Investigate Exxon

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…

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CalPERS Calls for More Discussion of AB20, DAPL Divestment

In a surprise development, the CalPERS Investment Committee called for more discussion of AB20 and DAPL divestment. Although the committee did not vote on the issue, member Theresa Taylor, the elected representative of state members and a veteran leader of SEIU Local 1000, expressed her personal opposition to the pipeline project.

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CalSTRS Discusses Materiality of ESG Risk Factors

CalSTRS Investment Subcommittee’s recent discussions of ESG risk factors concerned the materiality of ESG risk factors – whether, and at what threshold, environmental, social, and governance factors materially affect the economic and financial value of an investment.

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