Posts by Fossil Free California
MAY 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 moreStriding into 2022, Stronger than Ever
Fossil Free California is stronger than ever as we begin another year of action on pension fund divestment. FFCA’s evolution included officially hiring two staff: Miriam Eide (right) as Coordinating Director and CJ Koepp (left) as Communications Coordinator. Our staff takes direction from the campaign teams, reinforcing a collaborative leadership style that is sparking great creativity and growth.
Read moreGratitude for the Power of Collective Actions
“A failure.” “The most exclusionary climate summit ever.” “A Greenwash Festival.” “A source of great shame because COP26 will be the whitest and most privileged ever, with thousands who intended to travel from poorer countries excluded.” These are just a few of the many critiques of COP26. Amidst the heaviness and disappointment following COP 26,…
Read more$39.2 Trillion for Divestment
New divestment announcements brought the global total to $39.2 trillion for divestment, up from $14.6 trillion earlier this year.
Read moreTime’s Up, CalPERS! Defund Climate Chaos
On November 1, Managing Director Anne Simpson and other CalPERS dignitaries will appear on the global stage of the COP26 conference in Glasgow. This climate summit (competing for air time with climate-change-fueled natural disasters and the continuing global pandemic) is another opportunity for world leaders to pledge to address climate chaos by setting emissions reduction…
Read moreHard Questions for CalPERS’ Anne Simpson
Fossil Free California has some hard questions for Anne Simpson, who is the Managing Investment Director for Board Governance & Sustainability at CalPERS. She has helped create and perpetuate a culture of predatory delay, in which the strategy of shareholder engagement is not bolstered by credible actions to decarbonize the portfolio. Instead, CalPERS pledges “net-zero…
Read moreA Good Summer for Divestment
For climate activists, this will be a summer to remember. The last few weeks have produced a flood of good news for divestment campaigns.
Read moreVictory for Engagement at Exxon: It’s Not Enough
Fossil fuel giant ExxonMobil was forced to seat three new climate-competent board members on May 26, as a result of a $30 million proxy fight led by a tiny hedge fund named Engine No.1. Will this unprecedented event help transform Exxon into a climate-friendly company? Chris Ailman, the CIO of CalSTRS who was among the…
Read more