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Fossil Free California
  • ABOUT
    • Our Mission
    • Our Team
    • Why Divest?
  • OUR WORK
    • Divest CalPERS
    • Divest CalSTRS
    • Worker Organizing
    • Climate Justice
    • Local Pension Divestment
    • Fossil Free 529s
  • RESOURCES
    • Reports
    • Fossil Fuel Divestment Financials
    • Map: Oil Drilling by Pension-Funded Companies
    • Move Your Money
    • Divest CalPERS Flyer
  • JOIN US
    • Get Email Updates
    • Volunteer
  • MEDIA
    • Press & News
      • Press Releases
      • News Coverage
    • FFCA Blogs
  • DONATE

Posts by Shana DeClercq

California fossil fuel divestment bill passes first Senate Committee hearing

By Shana DeClercq | April 12, 2023
Photo of supporters of SB 252 in front of the California Capitol building

Today, SB 252 – a widely-supported bill for CalPERS and CalSTRS to phase out fossil fuel investments – passed its first Committee hearing in the California State Senate. On Tuesday, April 18, the Senate Judiciary Committee is set to hear the bill.

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Fossil fuels are a losing bet. Why are CalPERS and CalSTRS still investing in them? [Sacramento Bee]

By Shana DeClercq | April 11, 2023
Photo of CalPERS headquarters building, Sacramento

SB 252 is about more than divesting from fossil-fueled chaos. It’s about requiring CalPERS and CalSTRS to meet their fiduciary duty to protect the future of not only the funds they manage, but of the lives and livelihoods of Californians and pension beneficiaries everywhere.

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California public pension divestment bill – SB 252 – goes before the Senate Labor Committee

By Shana DeClercq | April 10, 2023

On Wednesday, April 12th, the Senate Labor, Public Employment and Retirement Committee will vote on SB 252, which will divest CalPERS and CalSTRS by 2030. If passed, the bill will then progress to the Senate Judiciary Committee on Tuesday April 18th. These hearings come as Californians experience intensifying fires, deadly heat, and deepening drought.

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California State Treasurer Fiona Ma Supports Fossil Fuel Divestment Bill

By Shana DeClercq | March 22, 2023
Photo of Fiona Ma, California State Treasurer.

California has an opportunity to again lead on climate issues, energizing the global advocacy effort and ensuring the long-term sustainability of retiree pensions. This legislation gives our pension funds the necessary time to prudently plan for divestment, including identifying suitable investment alternatives” – Fiona Ma

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State Treasurer Fiona Ma Issues Statement to Support Divestment Legislation following CalPERS Board Meeting

By Shana DeClercq | March 16, 2023
Photo of Fiona Ma, California State Treasurer.

Divestment sends a message to companies that have shown little interest in seriously addressing a problem that places human existence in peril for the sake of profits: time’s up. This legislation gives our pension funds the necessary time to prudently plan for divestment, including identifying suitable investment alternatives.

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