Posts Tagged ‘public health’
Tell CalGEM to Protect Public Health around Oil Drilling
The California Geologic Energy Management Division (CalGEM) is giving community members a wide array of tools and methods to make their thoughts known on rules for oil drilling in the state. As expected, Big Oil’s lobbyists are providing plenty of input. If you care about the impacts of fossil fuels on the climate and public…
Read moreCalPERS Votes to Expand Divestment from Tobacco
UPDATE, 12/19: Success! On a motion by State Controller Betty Yee with a second by Priya Mathur, the CalPERS Investment Committee voted 9–3 to expand divestment from tobacco. CalPERS will continue the current tobacco divestment, and it has directed staff to expand the divestment to externally managed funds and to the Affiliate Fund portfolios. The…
Read moreTell CalPERS: No reinvestment in tobacco!
Staff of the California Public Employees’ Retirement System (CalPERS), the largest public pension fund in the country, is recommending that the fund’s Board vote in December to reinvest in tobacco, based on profits the tobacco companies have made overseas since CalPERS divested 16 years ago. Q. Why is the tobacco decision important for fossil fuel…
Read moreTobacco is a bad investment, CalPERS!
The California Public Employees’ Retirement System is considering a staff proposal this month that could lead to reinvestment in tobacco companies. It would also effectively foreclose divestment from companies that produce fossil fuels and other deadly products. If enacted, the proposal would “forbid CalPERS, in the management of its portfolios, from sacrificing potential investment performance or…
Read moreNobody's buying coal
Fossil fuel divestment is a campaign that’s snowballing—if you’ll excuse a mixed metaphor. In just the last month San Luis Obispo, California, and Corvallis, Oregon, have voted to divest. The University of Hawaii and the Rhode Island School of Design have done the same. And the University of Washington decided to divest from coal, as did the $900-billion Government Pension Fund of…
Read moreWhy coal divestment is important
Our goal at Fossil Free California is to reduce investments in all fossil fuels—coal, oil, and gas—and to publicize their destructive effects. But some institutions, resistant to total divestment, are willing to consider divesting only from coal. Is that a position we can support? Emphatically yes! A giant step Divesting from coal is a giant step…
Read moreRudolph: Climate change and public health
On Global Divestment Day, 60 climate activists launched the Fossil Free California campaign in front of CalPERS headquarters in Sacramento.Three speakers addressed the need for divestment, Dr. Linda Rudolph, Jane Vosburg, and Russell Kilday-Hicks. Dr. Rudolph, the first speaker, is a CalPERS retiree who worked for 30 years as a preventive medicine physician in both local and state…
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