“Divest Now” – Sacramento Bee

December 17, 2023
Typewriter with the words divest now written on the page.

Despite the Intergovernmental Panel on Climate Change’s warning that the climate emergency demands an immediate halt to new production, fossil fuel companies continue to expand. They treat the climate crisis — and our planet — with contempt. CalPERS should divest as soon as prudently possible.

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Fossil Free California and the California Fossil Fuel Divestment Coalition: “While we welcome CalPERS scaling up climate-safe investments, there’s no room for fossil fuels in any sustainable finance or net-zero plan”

November 13, 2023
Photo of founding members of Fossil Free California, standing behind the large concrete CalPERS building sign, holding up the individual letters that spell out, "DIVEST."

Ahead of its November 13 board meeting, CalPERS announced its “Sustainable Investments 2030 Strategy” to increase its investing in clean energy and sustainable funds and to double-down on “engagement” strategies with high emitters of fossil fuels. In its strategy, CalPERS acknowledges and affirms climate risk is undeniably financial risk. CalPERS recognizing that some fossil fuel holdings must be responsibly phased out is a noteworthy step toward CalPERS meeting its fiduciary duty. What CalPERS is proposing is a limited form of divestment on an unspecified timeline with no enforceability. But what CalPERS members, state workers, retirees, union members and people from every part of California demand is the comprehensive divestment from the top fossil fuel companies by 2031, as called for in Senate Bill 252.

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Why Divest from Fossil Fuels

By Carlos Davidson | September 5, 2023
Rally. Masked activists hold each side of a super-sized white sign that reads, "Time's Up, CalPERS. 150,000 Say Divest From Fossil Fuels."

“It’s time to take the next step in climate action. Divestment sends a message to companies that have shown little interest in seriously addressing a problem that places human existence in peril for the sake of profits: time’s up.”

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Net Zero is a False Narrative and a Dangerous Trap

By Diana Curiel and Sandy Emerson | September 5, 2023
Image of an industrial operation with several smokestacks billowing smoke.

Carbon capture technologies are being used to justify increasing oil production, and delay the inevitable and essential transition to clean energy. They are risky, energy intensive, and expensive. Instead, we need to use our financial resources to accelerate the transition to renewable and clean energy, and lower our carbon emissions by reducing our reliance on fossil fuels.

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