Posts Tagged ‘fossil fuels’
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 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 moreMAY 25: California fossil fuel divestment bill heads to full Senate floor vote
MEDIA ADVISORYFOR PLANNING PURPOSESMay 24, 2023 Contact: Shana DeClercq | shana@fossilfreeca.org | (415) 376-3746 After passing Senate Appropriations, SB252 is the “climate bill that could.” Tremendous momentum for California, the world’s sixth largest economy, to lead on climate, economic, and fiduciary responsibility. WHAT: SB 252 (CalPERS & CalSTRS fossil fuel divestment bill) full Senate floor vote WHEN…
Read moreCalifornia’s Public Pension Divestment Bill – SB 252 – Confirmed through Senate Appropriations, Now Heads to Senate Floor
It’s the “climate bill that could:” SB 252’s tremendous momentum demonstrates that California, the world’s sixth largest economy, is prepared to lead on climate and fiduciary responsibility, taking the helm of the financial industry’s shift toward fiscally responsible investing. FOR IMMEDIATE RELEASEMay 18, 2023Contact: Shana DeClercq | shana@fossilfreeca.org | (415) 376-3746Photos available here | Banner…
Read moreSB 252 announced to divest California’s public pensions from oil and gas
Student-led movement celebrates launch of California Fossil Fuel Divestment Act January 30, 2023 Contacts: Event Livestream Recording: Senator Gonzalez’s Office | YouTube Permalink Event Photos | Fossil Free California Photos California — Today amidst devastating flooding, an historic mega-drought, wildfires, and fossil-fueled public health crises, students, retirees, and California communities across the state celebrate as…
Read moreFossil fuel-funded cop kills California climate legislation
The California Fossil Fuel Divestment Coalition promises to return with similar legislation next year, and will turn up the pressure directly on CalPERS and CalSTRS to divest from fossil fuels.
Read moreNew report reveals California pensions CalPERS, CalSTRS vote NO on Big Oil shareholder climate resolutions
The retirement systems’ failed shareholder engagement efforts with fossil fuel companies has cost their members $11.9 billion in returns California — A report released today from Fossil Free California reveals that California’s public pensions voted to oppose climate action at major fossil fuel companies and financiers during the 2022 Annual General Meeting season. This exposé…
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