CALSTRS FUNDS CLIMATE CHAOS
CalSTRS is using teachers' retirement savings to finance the fossil fuel industry.
The California State Teachers’ Retirement System provides over $15 billion to fossil fuel corporations that are building coal plants, oil pipelines and fracked gas wells—that’s more than any other public teachers’ pension in the country.
For the last seven years, teachers, students, and allies have been building a powerful campaign to hold CalSTRS accountable for its complicity in the climate crisis.
We’ve mobilized hundreds of teachers, students, and frontline community members to urge the CalSTRS Board to divest. Our CalSTRS Team has organized demonstrations across California, from art actions to massive marches. We’re using research and producing reports to make sure CalSTRS members know about their pension’s complicity in the climate crisis. We’re empowering teachers’ unions with the tools they need to demand divestment. We also support work led by Youth vs. Apocalypse and Youth Climate Strike Los Angeles to divest CalSTRS from fossil fuels.
In 2015, we successfully passed two laws requiring CalSTRS to divest from thermal coal and disclose climate-related financial risks in their portfolio.
In 2019, State Treasurer Fiona Ma stood with teachers and students in calling for CalSTRS to divest from fossil fuels. State Superintendent Tony Thurmond also announced his support in 2021.
In 2021, after years of pressure, CalSTRS organized a symposium to hear from divestment advocates.
Today, many teachers unions and locals (including CFT) have passed divestment resolutions calling for CalSTRS to divest from fossil fuels. We’ve also submitted petitions to CalSTRS Board members signed by thousands of teachers and students, and have sent over 85,000 letters to CalSTRS Board members.
Now, we’re keeping the pressure on until CalSTRS stops funding the climate crisis once and for all.
Pass a divestment resolution
Your local union can help call on CalSTRS to divest from fossil fuels.
Call on CalSTRS to divest
Write to the CalSTRS Board urging them to divest from fossil fuels now. Sign onto our default letter or write your own!
Join the CalSTRS Team
We're keeping the pressure on CalSTRS to divest from fossil fuels once and for all.
Fossil Free California: Why Divest?
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CJ Koepp & Cynthia Kaufman: CalSTRS Tunes Out Teachers to Engage with Exxon
Fossil Free California: California Pensions Fail to Engage: A review of CalPERS’ and CalSTRS’ votes against shareholder climate resolutions
DeSmog: As California Considers Dropping Fossil Fuels from Major Pension Funds, New Report Calls Out ‘Misinformation’ on Costs
Fossil Free California: CalSTRS Climate-Competence Report Card