CalPERS Meeting on Climate Change: FFCA Letter and Comments

On Monday, March 14, the Investment Committee of CalPERS, California’s state employees’ pension fund, meets for the annual review of its climate change initiatives.  Fossil Free California’s  Steering Committee has submitted a letter to CalPERS Board and staff and will make public comments. FFCA’s letter asks for three actions: (1) Follow CalSTRS’ example by immediately…

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Notes from CERES' Investor Summit on Climate Risk

On January 27, several hundred distinguished investors and government officials gathered at UN headquarters in New York for CERES’ 16th “Investor Summit on Climate Risk.” Building on the momentous agreements reached at the COP21 Climate Summit in Paris, the focus was on “Advancing the Clean Trillion” — finding ways to increase investment in clean energy…

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CalSTRS divestment: unhappy anniversary

Anniversaries are a time to pop open a bottle of champagne to toast the successes of the previous year; however, the first anniversary of Fossil Free California’s (FFCA) relationship with California’s state teachers’ pension fund, CalSTRS, has forced us to keep the bottle corked and hope for better days ahead. Why? Although teachers value CalSTRS…

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Rally for CalSTRS divestment

On Friday, June 12, the Investment Committee of the California State Teachers’ Retirement System (CalSTRS) meets in West Sacramento. Divestment activists will rally at CalSTRS headquarters to urge that the committee begin the process of divestment from fossil fuels. It’s about time. Over the years, CalSTRS has established an enviable record of concern for the environment. The…

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More from the campaign launch

Fossil Free California is ramping up on many fronts. Our initial emphasis is on the state’s two big pension funds, the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalPERS). That’s why we held this rally to launch the campaign at the CalPERS headquarters in Sacramento. Here are some additional…

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Vosburg: Shareholder engagement is futile

On Global Divestment Day, the second campaign-launch speaker in Sacramento was Jane Vosburg, a retired teacher and fervent activist for fossil fuel divestment. She is divestment coordinator for 350 Sonoma County and for the CalSTRS campaign of Fossil Free California. Her speech: “Action on climate change must happen now!” CalSTRS knows this. And CalPERS knows it. They also know that…

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Rudolph: Climate change and public health

Golden Gate Bridge

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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Should we campaign for reinvestment?

Wind Farm

Divestment from fossil fuels sends a clear message: if we support coal, oil, and gas companies in any way, we are contributing to the destruction of the habitable environment. When our money — or the money of our institutions, like CalPERS or the University of California — is invested in those companies, our contribution to climate chaos…

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Does shareholder engagement work?

This post is by Brett Fleishman, senior analyst at 350.org. Big investors like the California Public Employees’ Retirement Fund (CalPERS) are faced with a difficult choice. They can divest completely from fossil fuel companies to make a public statement about climate change. Or they can hold on to them and attempt, as shareholders, to influence…

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