DIVESTMENT LEGISLATION

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CalPERS and CalSTRS are financing the fossil fuel industry—and their members are paying the price.

California’s two main retirement systems provide over $42 billion to fossil fuel corporations that are building coal plants, oil pipelines and fracked gas wells.

 

We are building a powerful coalition of unions, cities, organizations, pension beneficiaries, and frontline community members to target CalPERS and CalSTRS with fossil fuel divestment legislation.

OUR WORK

In 2022, the California Senate passed the Fossil Fuel Divestment Bill (SB 1173), which would have required CalPERS and CalSTRS to divest from fossil fuels by July 2030. Since the bill was introduced with the support of 143 unions, cities, and organizations, Californians made thousands of calls, wrote over 17,000 letters, and organized dozens of meetings with legislators to advocate for SB 1173.

 

While the bill’s progress has been put on pause, we’ll be back with similar legislation stronger than ever in 2023.

TAKE ACTION

Contact your representative

If you live in California, call on your Senator and Assemblymember to get on board with fossil fuel divestment in 2023!

Join the Divestment Bill Team

Our Divestment Bill Team targets CalPERS, CalSTRS, and other public funds in California with legislative and executive initiatives around fossil fuel divestment.