Posts by Fossil Free California
Broad Coalition Calls on CalPERS to Update Approach to Climate Change
For Immediate Release: Monday, September 18, 2023Contact: Elizabeth Brennan (213) 999-2164 SACRAMENTO** | Following record-breaking temperatures, a tropical storm, a hurricane and several megafires throughout California, a growing coalition of organizations is urging CalPERS to update its approach to climate risk in line with its fiduciary duty. The groups are calling on the fund to…
Read moreSenior Campaigns Organizer or Campaigns Organizer
Fossil Free California is hiring a full-time Campaigns Organizer or Senior Campaigns Organizer. The successful candidate will work with two other Fossil Free California staff and our many coalition partners to help build support for fossil fuel divestment of CalPERS and CalSTRS among unions, municipalities, and the legislature. This position is a 12-month contract position with full health benefits which is eligible after 12 months for hire as permanent staff.
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 moreOakland City Attorney comes out in strong support of SB 252, California’s fossil fuel divestment bill
Oakland City Attorney Barbara J. Parker’s op-ed reads: “Divesting from fossil fuel companies is the right thing to do to protect California’s frontline and fenceline communities. Due to long legacies of systemic racism, these communities are disproportionately impacted by climate change, climate harm, and pollution. The Legislature must pass SB 252 this year. This bill is both financially prudent and essential to meeting our collective climate goals.”
Read moreOakland City Attorney comes out in strong support of SB 252, California’s fossil fuel divestment bill
Oakland City Attorney Barbara J. Parker’s op-ed reads: “Divesting from fossil fuel companies is the right thing to do to protect California’s frontline and fenceline communities. Due to long legacies of systemic racism, these communities are disproportionately impacted by climate change, climate harm, and pollution. The Legislature must pass SB 252 this year. This bill is both financially prudent and essential to meeting our collective climate goals.”
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 moreWhat is Climate Accountability Bill Package?
The Climate Accountability package comprises 3 transformational bills that will ensure we are meeting the climate crisis with strong data, financial transparency, risk mitigation, and in the case of our public pensions, divestment of $14 billion of fossil fuel funds. Learn more with these informative graphics from California Environmental Voters. Your Voice Matters! State Assembly…
Read moreMeet the California Fossil Fuel Divestment Coalition!
Now with over 140 labor unions and organizations in support, the California Fossil Fuel Divestment Coalition is building support in every corner of the state for SB 252, which will divest California’s public pensions from fossil fuels.
Read moreInformación del proyecto de ley del Senado (SB) 252
¿Por qué es fundamental apoyar el proyecto de ley SB 252? Ahora, en el 2023, es tiempo de acabar con la contaminación de los combustibles fósiles que destruye nuestras comunidades y contamina nuestro aire, suelo y agua. TE NECESITAMOS para ayudar a aprobar el proyecto de ley SB 252 y desinvertir las pensiones públicas de…
Read moreSample CTA Resolution
Click here to download an editable copy of a resolution to divest from fossil fuels that can be used by a CTA chapter. Please reach out if you have any questions or need help getting a resolution passed in your local. And please let us know once you have passed your resolution, so we can…
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