CALPERS FUNDS CLIMATE CHAOS
Among public pensions, CalPERS is the nation's #1 funder of the fossil fuel industry.
The California Public Employees Retirement System provides over $27 billion to fossil fuel corporations that are building coal plants, oil pipelines and fracked gas wells—that’s more than any other public pension in the country.
For the last seven years, CalPERS members have been building a powerful campaign to hold CalPERS accountable for its complicity in the climate crisis.
We’ve mobilized hundreds of state workers to urge the CalPERS Board to divest. We're using research, outreach, art, actions, and reports to make sure CalPERS members know about their pension's complicity in the climate crisis.
We're also empowering unions and cities with the tools they need to demand divestment.
In 2018, we successfully passed two laws requiring CalPERS to divest from thermal coal and disclose climate-related financial risks in their portfolio.
In 2021, major local SEIU 1000 DLC 743 passed a resolution supporting CalPERS' divestment from fossil fuels.
We've submitted petitions to CalPERS Board members signed by thousands of state workers, and have sent over 85,000 letters to CalPERS Board members. Fourteen cities in California have passed resolutions calling for CalPERS to divest, including Berkeley, Brisbane, Encinitas, Fairfax, Fremont, Mountain View, Oakland, Redway, Richmond, Palo Alto, San Luis Obispo, Santa Monica, Sunnyvale, and Watsonville.
Now, we're keeping the pressure on until CalPERS stops funding the climate crisis once and for all.
Call on CalPERS to divest
Write to the CalPERS Board urging them to divest from fossil fuels now. Sign onto our default letter or write your own!
Pass a divestment resolution
Your local union can help call on CalPERS to divest from fossil fuels.
Join the CalPERS Flying Squad
Join a standby group of folks ready to mobilize for CalPERS Board meetings or other actions. (Bonus: no meetings!)
Join the Union Team
We're organizing to gain union support for divesting CalPERS from fossil fuels once and for all.
Fossil Free California: Why Divest?
Sindre Carlsen & Jonathan Li: CalPERS’ Portfolio Harbors Nearly $45 Billion in Stranded Fossil Fuel Assets
DeSmog: America’s Biggest Public Pension Fund is Slow-Walking Corporate Climate Action, Report Charges
Corporate Knights: CalPERS Pays High Cost for Holding on to Fossil Fuel Stocks
DeSmog: As California Considers Dropping Fossil Fuels from Major Pension Funds, New Report Calls Out ‘Misinformation’ on Costs
UC Berkeley Undergraduate Research Apprentice Program: Analyzing the Financial Risk of Holding Fossil Fuel Assets in CalPERS’ Portfolio
Sandy Emerson: CalPERS’ Ambition is Too Low; Climate Action Too Slow
Carlos Davidson: Shareholder Engagement with Fossil Fuel Companies is a Failure for Climate Change