Posts Tagged ‘climate crisis’
7 California Climate Wins in 2023 to Celebrate
California stepped up as a climate leader in key areas this year. Here are 7 of the top climate victories of 2023 to celebrate! It feels like we’re constantly inundated by bad news, so here’s your positive climate news for the year (and proof that together, climate progress IS possible). * * * 1. California…
Read moreWhy Divest from Fossil Fuels
“It’s time to take the next step in climate action. Divestment sends a message to companies that have shown little interest in seriously addressing a problem that places human existence in peril for the sake of profits: time’s up.”
Read moreREPORT: CalPERS & CalSTRS lost over $9.6 billion by not divesting from fossil fuels 10 years ago
On June 28, 2023, the University of Waterloo released a groundbreaking report revealing that by not divesting, CalPERS lost $4.7 billion in missed returns, or $3,163 per beneficiary. CalSTRS lost over $4.8 billion in missed returns, or $5,114 per beneficiary over the last ten years, by not removing fossil fuels from their investment portfolio.
Read moreCalifornia fossil fuel divestment bill – SB 252 – passes Senate with massive momentum
FOR IMMEDIATE RELEASEMay 25, 2023Contact: Shana DeClercq | shana@fossilfreeca.org | (415) 376-3746Photos available here Indigenous lands of the Nisenan and Miwok Peoples (colonially called Sacramento, California) – Today, SB 252 – a widely-supported bill for the two biggest public pensions in the U.S., CalPERS and CalSTRS – to phase out fossil fuel investments – passed…
Read moreCalifornia Pensions Fail to Engage: A review of CalPERS’ and CalSTRS’ votes against shareholder climate resolutions
Read the full report. As the impacts of climate change begin to wreak havoc on our bisophere, the fossil fuel divestment movement has gained remarkable momentum. Globally, 1,500 institutions representing over $40 trillion in assets have already committed to some level of divestment from the fossil fuel industry.1 Despite over a decade of pressure from…
Read moreSanta Monica Youth Call Out CalSTRS’ Harry Keiley
### On August 14th at 10 AM on the Third Street Promenade in Santa Monica, youth from all over Los Angeles will be demonstrating against the California Teachers’ Retirement Association (CalSTRS) investing billions of dollars into fossil fuels. CalSTRS is the 2nd largest pension fund in the U.S., managing over 300 billion dollars and serving…
Read moreMake carbon polluters pay
The real cost of carbon pollution is paid by everyone. It should be paid by those who sell and burn the carbon. If a factory leaves a toxic residue of chemicals on its abandoned site, the factory owner is liable for cleanup. If someone dumps an old car in the river, he will be charged…
Read moreCalSTRS: Divest from fossil fuels!
This post is by Vivian Stanton, a retired elementary school teacher with the Santa Barbara School District. She is a member of CalSTRS and of 350 Santa Barbara. As a member of the largest public teacher retirement fund in the United States, I am very concerned. The retirement fund which I currently rely on, the…
Read moreCalifornia emissions are down, but not enough
California is reducing greenhouse gas emissions. Existing laws and regulations have put the state on track to meet our aggresive climate goals for 2020 and 2030. That’s the good news. But we need to do a lot more to avoid catastrophic warming in the longer term. That’s the difficult news. The good news and the difficult news both…
Read moreGlobal Divestment Day is coming!
This has been a year of great successes for the divestment movement around the world, and Global Divestment Day February 13–14 will celebrate those successes. Here in California, Chico State and Humboldt State universities voted to get rid of all their investments in fossil fuel companies, as did the Foothill–De Anza and Peralta community college districts and Pitzer…
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