News & Actions

Kids’ Climate Lawsuits Make Progress in Court

By Emily Laskin | January 20, 2017

Youth climate activists have taken on big oil and the federal government in a landmark constitutional rights case. For the moment, they’re winning.

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City Pension Divestment Campaign in Seattle

By Sandy Emerson | January 15, 2017
Smoggy Seattle Skyline

350Seattle and are reviving a city pension divestment campaign aimed at the Seattle City Employees Retirement System (SCERS).

Stating that “more than ever we need people of conscience to put their money where their values are” the group asserts that a “green leader” like the City of Seattle should not continue to invest in fossil fuels.

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Exxon Must Come Clean in Massachusetts

By Emily Laskin | January 14, 2017
MA Attorney General Maura Healey

Exxon must release documents related to its knowledge of climate change, representing progress for the state as well as for the national ExxonKnew campaign. Massachusetts Attorney General Maura Healey (photo) says the court order “affirms our longstanding authority to investigate fraud.”

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$5.2 Trillion Reasons to be Hopeful

By Sandy Emerson | December 29, 2016

The global divestment movement is now $5.2 trillion strong in pledged assets, with 688 institutions and 58,399 individuals in 76 countries committed to divest from fossil fuel companies. The value of assets under management by those pledged to divest has doubled in the last 15 months.  As the recent report from Arabella Advisors notes, “pension…

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CalPERS & CalSTRS: Show Us the Money

By Sandy Emerson | December 28, 2016

Fossil Free California is raising funds to help everyone understand where California’s huge pension funds are investing our money. On December 19 the CalPERS Board voted, at last, to divest their last $557 million in tobacco stocks.  Public health advocates – and CalPERS board members – learned only recently that when the huge fund “divested”…

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CalPERS and tobacco—the blow-by-blow

By Janet Cox | December 20, 2016
California Controller Betty Yee

Thanks to the many Fossil Free California supporters who joined CalPERS’ tobacco debate (along with a host of public health and anti-smoking organizations), the Board voted on Monday divest from the $557 million in tobacco stocks we all THOUGHT they had dumped in the early 2000s, when they first decided to divest. This was the outcome…

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CalPERS Votes to Expand Divestment from Tobacco

By Sandy Emerson | December 19, 2016

UPDATE, 12/19: Success!  On a motion by State Controller Betty Yee with a second by Priya Mathur, the CalPERS Investment Committee voted 9–3 to expand divestment from tobacco. CalPERS will continue the current tobacco divestment, and it has directed staff to expand the divestment to externally managed funds and to the Affiliate Fund portfolios.  The…

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World Leaders Urge Oil and Gas Firms to Disclose Climate-Related Risks

By Sandy Emerson | December 18, 2016

Some of the most powerful financial experts in the world are seriously worried about climate change. The Bank of England’s Governor Mark Carney, who chairs the Financial Stability Board of the “G20” summit of the world’s richest nations, said “The challenges currently posed by climate change pale in significance compared with what might come.”

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#NoDAPL Petition on PERS/STRS Pipeline Investments

By Sandy Emerson | December 3, 2016

Both of California’s huge public pension funds hold significant investments in Energy Transfer Partners, the publicly traded “master limited partnership” attempting to build the Dakota Access Pipeline at Standing Rock in North Dakota. Sign our petition urging CalPERS and CalSTRS to divest now from Energy Transfer Partners. CalPERS investments total about $65 million, CalSTRS about…

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Fossil Free California Delivers Petitions to CalSTRS

By Sandy Emerson | November 18, 2016

At the November 16 CalSTRS Investment Committee meeting, twelve Fossil Free California representatives from Chico, Santa Rosa, Petaluma, and Berkeley delivered public comments and two petitions urging the Board to divest from fossil fuels. The first petition, urging both CalSTRS and CalPERS to divest within five years, was active for a year and a half…

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