New York, New York: Another Divestment Win

Three of New York City’s five pension funds announced they are divesting a total of $4 billion from fossil fuels following a six year campaign led by a multiracial, multigenerational coalition.  Pension funds for teachers, school administrators, and civil servants voted to divest from fossil fuels. Police and fire department pension funds have not yet…

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The Rise of Climate Consciousness at the Federal Level

Federal agencies have finally begun to sound clear, strong warnings on the risks of climate change to the US economy. In the first of a series of welcome developments illustrating this raised level of awareness of the climate crisis, September’s 196-page report from the Market Risk Advisory Committee of the Commodity Futures Trading Commission, “Managing Climate Risk in the US Financial System”, surveys the many risks to the economy that a warming world presents, with recommendations for action.

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CalPERS Coal Debate in Context

When Fossil Free California (FFCA) presented CalPERS with its report “CalPER Continues to Invest in Coal” we were impressed with the speed and scope of CalPERS’ response: the Fund took our findings very seriously. CalPERS published its response (a letter under the signature of CEO Marcie Frost) on its website and also Tweeted it out…

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Coal Policy and Financial Risk

The High Road to Paris Institutional investors now are graded on how well their coal policies align with the Paris Agreement. Which funds get high marks? Thursday, September 24 11:00am PT/2:00pm ET at Climate Week NYC 2020,

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CalSTRS Climate-Competence Report Card

Fossil Free California has published a Climate Competence Report Card showing that CalSTRS is failing to protect our futures by fraternizing with fossil fuel giants and remaining invested in fossil fuels including coal. Please print and mail the report card to the CalSTRS Board members with your comments.

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The Quest for a Public Bank

After the success of last year’s public banking legislation (AB 857), several cities and regions in California launched initiatives to create a public bank for their localities. Bets were being placed as to which would open its public banking doors first – would it be Los Angeles? San Francisco? East Bay? Those initiatives were derailed…

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Sample 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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