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Meet 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 moreFossil Free California Statement of Support for a Permanent Ceasefire in Gaza
Fossil Free California condemns the genocide now taking place in Gaza. While we strongly condemn Hamas’ attack on Israeli citizens on October 7, no attack, however brutal, can justify the…
Read more7 California Climate Wins in 2023 to Celebrate
California stepped up as a climate leader in key areas this year. Here are 7 of the top climate victories of 2023 to celebrate! It feels like we’re constantly inundated…
Read more“Divest Now” – Sacramento Bee
Despite the Intergovernmental Panel on Climate Change’s warning that the climate emergency demands an immediate halt to new production, fossil fuel companies continue to expand. They treat the climate crisis — and our planet — with contempt. CalPERS should divest as soon as prudently possible.
Read moreLos Angeles Times Editorial Board: CalPERS must ditch fossil fuel investments. Its new ‘sustainable’ plan doesn’t do that
The Los Angeles Times Editorial Board on CalPERS: “It seems clear that the only way to ensure that public pension funds move out of this risky business is by forcing them to do so through legislation.”
Read moreFrequently Asked Questions – Senate Bill 252, The Fossil Fuel Divestment Act
CalPERS has roughly $9.4 billion dollars, and CalSTRS $5.4 billion dollars ($14.8 billion in all) of stock and bond investments in the top 200 coal, oil and gas production companies.
Read moreGovernor Newsom Will Sign SB 253, SB 261, Advancing the Climate Accountability Bill Package
In a surprise move Sunday, California Governor Gavin Newsom announced his intention to sign Senate Bills 253 and 261, groundbreaking climate legislation, advancing the suite of bills announced jointly in January as the Climate Accountability Bill Package. Senate Bill 252, the third bill in the package, now a two-year bill, is poised to clear the Assembly in 2024.
Read moreWhy Divest from Fossil Fuels
“It’s time to take the next step in climate action. 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.”
Read moreNet Zero is a False Narrative and a Dangerous Trap
Carbon capture technologies are being used to justify increasing oil production, and delay the inevitable and essential transition to clean energy. They are risky, energy intensive, and expensive. Instead, we need to use our financial resources to accelerate the transition to renewable and clean energy, and lower our carbon emissions by reducing our reliance on fossil fuels.
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.”
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