California, Push Back on Trump's Pipeline Action!
On Day 5 of his administration, Donald Trump has signed executive orders that attempt to re-start work on Keystone XL and the Dakota Access (DAPL) pipelines.
Both of California's huge public pension funds, CalPERS and CalSTRS, 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.
State Assemblyman Ash Kalra (D-San José) has introduced AB 20, a bill that would require the fund to divest from companies "constructing, or funding the construction of, the Dakota Access Pipeline" by July 1, 2018.
Sign this petition to tell the funds to divest from DAPL, and support AB 20!
We call on CalSTRS and CalPERS to divest immediately from Energy Transfer Partners, the company attempting to build the Dakota Access Pipeline (DAPL) at Standing Rock.
We also support AB 20, asking the funds to divest from all companies constructing or funding construction of DAPL.
California's public pension funds—our pensions and investments—should not support efforts to complete oil or gas pipelines, or other infrastructure enabling extraction, transport, or refining of fossil fuels.