Press Releases

Fossil fuel-funded cop kills California climate legislation

June 21, 2022

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.

New report reveals California pensions CalPERS, CalSTRS vote NO on Big Oil shareholder climate resolutions

June 8, 2022

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 Senate passes fossil fuel divestment bill

May 25, 2022

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 Senate expected to vote on fossil fuel divestment this week

May 25, 2022

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…

Report reveals CalPERS, CalSTRS exaggerate cost of divestment

May 10, 2022

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…

Media Advisory: Senator Lena Gonzalez to Host Press Conference Announcing Introduction of Fossil Fuel Divestment Bill to Advance California Climate Goals

February 16, 2022

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…

Media Advisory: Youth, Teachers, Labor Leaders and Financial Experts Debate CalSTRS’ Fossil Fuel Investments at Sustainability Symposium

February 10, 2022

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…

Media Advisory: CalSTRS to Go Head to Head with Divestment Advocates at Sustainability Symposium

February 7, 2022

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…

Santa Monica Youth Call Out CalSTRS’ Harry Keiley

August 13, 2021

### On August 14th at 10 AM on the Third Street Promenade in Santa Monica, youth from all over Los Angeles will be demonstrating against the California Teachers’ Retirement Association (CalSTRS) investing billions of dollars into fossil fuels. CalSTRS is the 2nd largest pension fund in the U.S., managing over 300 billion dollars and serving…

CalPERS Still Holds $8.5 Million in Thermal Coal Producers

March 18, 2021

IMMEDIATE RELEASE7am EST, Monday, March 15, 2021Contacts: Miriam Eide, miriam@fossilfreeca.org, 507-923-6346Sandy Emerson, sandy@fossilfreeca.org, 650-743-0524 Sacramento, California — The California Public Employees Retirement System still holds $8.5 million in thermal coal producers that were mandated to be excluded by SB 185, a 2015 state law on thermal coal divestment. SB185, the 2015 Public Divestiture of Thermal…