News & Actions

Lining up for public comment at CalPERS

Divestment, Financial Climate Risk Reporting On Trial in Sacramento

By Sandy Emerson | April 17, 2017

Divestment and the need to report investments’ financial climate risks are on trial this week (April 17-24) in Sacramento. CalPERS votes Monday April 17 on their investment policy; and considers SB 560 (requires reporting of financial climate risk) on Wednesday the 19th. The State Senate PER committee reviews SB 560 on April 24.

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Divestment vs Engagement: One Just Doesn’t Work

By Emily Laskin | April 14, 2017

In the fight to keep oil in the ground, pension funds, banks, and other organizations managing large sums are coming under pressure to keep their money away from fossil fuel corporations. But while activists call for divestment from fossil fuel companies, the pension funds and banks seem to favor “engagement” with problematic companies while remaining invested. The…

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Ask California to Investigate Exxon

By Sandy Emerson | April 12, 2017

For many months, the attorneys general of New York and Massachusetts have been investigating Exxon’s decades of deception — misleading shareholders and the public about what the company’s own scientists knew about threats posed by climate change. Climate activists have launched a national campaign to urge California Attorney General Xavier Becerra to join them, and…

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KXL Pipeline

The Keystone XL Pipeline and the Future of Tar Sands Oil

By Stephen Asztalos | April 2, 2017

What is the future of tar sands oil now that Trump has given the go-ahead to the long-delayed Keystone XL (KXL) pipeline? The answer has enormous implications for the environment.

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University of California Divests Another $150 Million Fossil Fuels

University of California Divests Another $150 Million from Fossil Fuels

By Ann Marie Riley | March 28, 2017

On March 15, the University of California divested another $150 million from fossil fuels. Regent Richard Sherman and Chief Investment Officer (CIO) Jagdeep Bachher announced this new step in the fight against climate change, adding to the $200 million UC divested in direct investments from coal and oil sands companies in September, 2015.

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Break Free from Fossil Fuels 2017

By Joey Budka | March 16, 2017

It’s that time of year again! Break Free from Fossil Fuels 2017 is organizing climate activists worldwide to take action around one central goal: to keep coal, petroleum, and natural gas in the ground.

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Can Cities Protect the Climate Better than Nations?

By Emily Laskin | March 14, 2017

Cities are ramping up their efforts to go green and mitigate climate change impacts, with or without support from the federal government.

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#defundDAPL divestment movement

#DefundDAPL: A Powerful and Widespread Divestment Movement

By Ann Marie Riley | February 28, 2017

The powerful and widespread #DefundDAPL divestment movement is a force to be reckoned with, going toe-to-toe with the big banks that are supporting the $3.8 billion Dakota Access pipeline (DAPL).

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Exxon and Conoco Leave Oil Sands in the Ground

Exxon and Conoco Leave Oil Sands In the Ground

By Stephen Asztalos | February 26, 2017

In back-to-back announcements, major U.S. oil producers Exxon and Conoco said that they would leave 4.65 billion barrels of oil sands from proven reserves in the ground.

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CalPERS Puts Pressure on Banks Funding DAPL

By Emily Laskin | February 18, 2017

CalPERS and over 120 other big investors have called on banks funding DAPL to use their influence to reroute the pipeline.

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