Press Releases
California has an opportunity to again lead on climate issues, energizing the global advocacy effort and ensuring the long-term sustainability of retiree pensions. This legislation gives our pension funds the necessary time to prudently plan for divestment, including identifying suitable investment alternatives” – Fiona Ma
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…
The California Fossil Fuel Divestment Coalition promises to return with similar legislation next year, and will turn up the pressure directly on CalPERS and CalSTRS to divest from fossil fuels.
The retirement systems’ failed shareholder engagement efforts with fossil fuel companies has cost their members $11.9 billion in returns California — A report released today from Fossil Free California reveals that California’s public pensions voted to oppose climate action at major fossil fuel companies and financiers during the 2022 Annual General Meeting season. This exposé…
California communities celebrate growing momentum around pension divestment California — Today amidst increasing drought and water crisis, wildfires, and tangible impacts of the fossil-fueled climate chaos, the California State Senate passed Senate Bill 1173 (Gonzalez and Wiener), California’s Fossil Fuel Divestment Act, which would require the state’s public pension funds to divest from fossil fuels.…
California — Amidst increasing drought and water crisis, wildfires, and tangible impacts of the fossil-fueled climate chaos, this week, the California State Senate will vote on Senate Bill 1173 (Gonzalez and Wiener), California’s Fossil Fuel Divestment Act, which would require the state’s public pension funds to divest from fossil fuels. The California Public Employees’ Retirement…
New report exposes pattern of misinformation on fossil fuel divestment from two largest public pension funds in U.S. (California) — A first-of-its-kind comprehensive report released today from Fossil Free California reveals that the combined $800 billion California Public Employees’ and State Teachers’ Retirement Systems have repeatedly given incorrect and inflated figures on the costs of…
Sacramento, Calif. – On February 17, 2022, Senator Lena A. Gonzalez (D-Long Beach) will host a virtual press conference announcing a new bill in her legislative package for the 2022 legislative session. Senator Gonzalez will discuss her bill on fossil fuel divestment, a bill that seizes the momentum of the worldwide divestment movement and continues…
FOR IMMEDIATE RELEASE For the first time ever, the California State Teachers’ Retirement System (CalSTRS)* met publicly with advocates of fossil fuel divestment at a virtual Sustainability Symposium on Wednesday, February 9th from 4:00-6:30 PM PST. Speakers included CalSTRS staff, investment professionals, teachers, and climate activists. Nalleli Cobo of Los Angeles shared her experience growing…
FOR IMMEDIATE RELEASE For the first time ever, the California State Teachers’ Retirement System (CalSTRS) is engaging publicly with advocates of fossil fuel divestment. Sacramento State’s College of Continuing Education Consensus and Collaboration Program will be hosting a virtual Sustainability Symposium on Wednesday, February 9th from 4:00-6:30 PM PST. Speakers at the symposium will include…