Posts Tagged ‘fossil fuels’
SB 252 announced to divest California’s public pensions from oil and gas
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…
Read moreFossil fuel-funded cop kills California climate legislation
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.
Read moreNew report reveals California pensions CalPERS, CalSTRS vote NO on Big Oil shareholder climate resolutions
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…
Read moreGratitude for the Power of Collective Actions
“A failure.” “The most exclusionary climate summit ever.” “A Greenwash Festival.” “A source of great shame because COP26 will be the whitest and most privileged ever, with thousands who intended to travel from poorer countries excluded.” These are just a few of the many critiques of COP26. Amidst the heaviness and disappointment following COP 26,…
Read moreCity of Encinitas Tells CalPERS to Divest
On Wednesday, September 22, 2021, Encinitas City Council unanimously passed Resolution 67-2021 urging CalPERS to divest from fossil fuels.
Read moreTime’s Up, CalPERS! Defund Climate Chaos
On November 1, Managing Director Anne Simpson and other CalPERS dignitaries will appear on the global stage of the COP26 conference in Glasgow. This climate summit (competing for air time with climate-change-fueled natural disasters and the continuing global pandemic) is another opportunity for world leaders to pledge to address climate chaos by setting emissions reduction…
Read moreVictory for Engagement at Exxon: It’s Not Enough
Fossil fuel giant ExxonMobil was forced to seat three new climate-competent board members on May 26, as a result of a $30 million proxy fight led by a tiny hedge fund named Engine No.1. Will this unprecedented event help transform Exxon into a climate-friendly company? Chris Ailman, the CIO of CalSTRS who was among the…
Read moreBurning Fossil Fuels Caused One-Fifth of Premature Deaths in 2018
We always knew that burning fossil fuels was bad for our health. Now a report from Harvard University and a handful of British universities brings us new data to prove it. The report released on February 9, 2021 shows that emissions from burning fossil fuels were responsible for almost 20% of premature deaths around the…
Read moreHow Much Could CalPERS Lose to Fossil Fuels?
The fossil fuel industry faces enormous losses when their proved reserves become stranded assets. Fossil fuel companies cannot recover their investments in locating and developing new reserves if these reserves cannot be extracted and sold.
Read moreFossil Fuels Are Increasing COVID-19 Cases
During the COVID-19 pandemic, the importance of fossil fuel divestment continues to become increasingly clear. July brought numerous pipeline cancellations, fossil fuel company bankruptcies, and a sobering study correlating EPA pollution rollbacks with COVID-19 infections and deaths.
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