News & Actions

CalSTRS divestment: unhappy anniversary

By Jane Vosburg | August 26, 2015

Anniversaries are a time to pop open a bottle of champagne to toast the successes of the previous year; however, the first anniversary of Fossil Free California’s (FFCA) relationship with California’s state teachers’ pension fund, CalSTRS, has forced us to keep the bottle corked and hope for better days ahead. Why? Although teachers value CalSTRS…

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What's happening in Sacramento?

By Janet Cox | August 19, 2015

Today was the long-awaited Assembly Appropriations Committee meeting with two controversial bills, parts of this term’s climate legislation, on the docket. Climate activists who weren’t in the hearing room were glued to their computers, waiting for action. But nothing happened, that we could see, anyway. Senator Fran Pavley stepped up to defend several bills she…

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CalPERS, CalSTRS lose $5 billion on fossil fuels

By Robert Silvey | August 13, 2015

Over the last fiscal year, CalPERS and CalSTRS held on to their investments in coal, oil, and gas. They now know that was a big mistake. Clinging to the myth of Old Energy’s profitability and the chimera of shareholder engagement, the two big California state pension funds squandered over $5 billion in pension assets. 350.org today released…

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Hiroshima in slow motion

By Robert Silvey | August 6, 2015

Seventy years after Hiroshima was obliterated by the bomb nicknamed Little Boy, human civilization is still threatened by the specter of nuclear war. But we are now faced with a more insidious danger, with equally grave consequences: climate change. A global catastrophe that unfolds over decades is no less dangerous than a one-day exchange of megaton missiles.…

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Legislators urged to support SB 185

By Robert Silvey | July 29, 2015

The California Assembly will vote on SB 185 in mid-August, and constituents of Assembly Members around the state are meeting with them to urge a yes vote. On July 28, Assemblywoman Patty López, representing District 39 in Southern California, met with several of her constituents and pledged support for SB 185, which requires CalPERS and CalSTRS to divest…

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The flight from coal

By Robert Silvey | July 17, 2015

If you still harbor any doubt that coal is a very bad investment, this week has told the tale. Coal companies are going bankrupt left and right, and any stocks or bonds you still hold are losing value by the hour. Let’s hope CalPERS and CalSTRS have escaped most of the carnage. The latest disaster is…

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Individual divestment: the power of personal choice

By Sandy Emerson | July 14, 2015

The People’s Climate Rally on September 21, 2014 — 400,000 people marching together on behalf of Mother Earth — galvanized both my individual divestment and my entry into the divestment movement. I felt a thrill of empowerment as I proudly signed the pledge on the DivestInvest.org website. Although I had already removed some investments in…

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New York legislature fixing to eat California's lunch

By Janet Cox | July 7, 2015

JULY 7: Today New York state legislators introduced the Fossil Fuel Divestment Act, which would require the Comptroller of the State of New York to divest the Common Retirement Fund’s holdings in the top 200 fossil fuel companies by 2020. The fund is the third largest public pension fund in the country, behind California’s Public Employees Retirement…

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Nobody's buying coal

By Robert Silvey | June 26, 2015

Fossil fuel divestment is a campaign that’s snowballing—if you’ll excuse a mixed metaphor. In just the last month San Luis Obispo, California, and Corvallis, Oregon, have voted to divest. The University of Hawaii and the Rhode Island School of Design have done the same. And the University of Washington decided to divest from coal, as did the $900-billion Government Pension Fund of…

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