CalSTRS
Información de el 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 moreThe Seeds for Our Victory in 2023 — Planted in That Day 2013
What has kept us so committed to Fossil Free California since these early years? A sense of the urgency of climate change propelled our growth, even while we were a small, wholly volunteer organization. We also had early success: in 2015 we were part of the coalition that helped pass Senate Bill 185, mandating divestment from thermal coal companies by both CalPERS and CalSTRS.
Read moreSB 252 announced to divest California’s public pensions from oil and gas
Student-led movement celebrates launch of California Fossil Fuel Divestment Act January 30, 2023 Contacts: Event Livestream Recording: Senator Gonzalez’s Office | YouTube Permalink Event Photos | Fossil Free California Photos California — Today amidst devastating flooding, an historic mega-drought, wildfires, and fossil-fueled public health crises, students, retirees, and California communities across the state celebrate as…
Read moreCalSTRS Exaggerates Costs of Divestment
CalPERS and CalSTRS manage portfolios worth $466 billion and $323 billion, respectively, so it’s natural for these public pension funds to throw around large numbers. But evidence from the funds themselves and from independent analyses suggests that PERS and STRS wildly exaggerate both the transaction costs and the opportunity costs of divestments in general. In…
Read moreCalSTRS Tunes Out Teachers to Engage with Exxon
The California State Teachers’ Retirement System (or, CalSTRS) prides itself on its shareholder engagement with fossil fuel companies. However, by spending their resources, time, and energy on connecting with oil giants like Exxon, CalSTRS has failed to engage with the shareholders who matter most: their own.
Read moreTo Help Ukraine, Will Pensions Divest From Unethical Fossil Fuels?
San Francisco & California pension funds: divest from both fossil-fuels and dictators! Many of us have been watching the images of terrible destruction and heartbreak from Ukraine. Have you wondered how President Putin finances his military machine? As much as 50% of Russian government revenue comes from fossil-fuel related businesses. Unfortunately, California and San Francisco pension funds…
Read moreClimate Justice Coalition Cheers as Senator Gonzalez Introduces Pension Fossil Fuel Divestment Bill
Today, Senator Lena A. Gonzalez (D-Long Beach) introduced SB 1173 — the Fossil Fuel Divestment Act — in the California state legislature. The bill would mandate that California’s public pension funds stop investing in fossil fuel companies. For over eight years, teachers, students, and state workers have called for their pensions to divest from fossil…
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 moreKids to CalSTRS: Divest from Fossil Fuels
The kids are mad as hell—and so are teachers who want their California teacher pension fund, CalSTRS, to join 1,000 other institutions collectively divesting $14.5 trillion from the fossil fuel industry that threatens climate catastrophe.
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…
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