News & Actions
San Francisco & California pension funds: divest from both fossil-fuels and dictators! Many of us have been watching the images of terrible destruction and heartbreak from Ukraine. Have you wondered how President Putin finances his military machine? As much as 50% of Russian government revenue comes from fossil-fuel related businesses. Unfortunately, California and San Francisco pension funds…
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Today, Senator Lena A. Gonzalez (D-Long Beach) introduced SB 1173 — the Fossil Fuel Divestment Act — in the California state legislature. The bill would mandate that California’s public pension funds stop investing in fossil fuel companies. For over eight years, teachers, students, and state workers have called for their pensions to divest from fossil…
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Sci-fi legend Kim Stanley Robinson is on a mission to do everything he can to save the planet we call home, firstly by writing climate fiction novels and then by talking about them around the world. The Ministry for the Future is perhaps his best effort yet to give us both the vision and the…
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Fossil Free California is stronger than ever as we begin another year of action on pension fund divestment. FFCA’s evolution included officially hiring two staff: Miriam Eide (right) as Coordinating Director and CJ Koepp (left) as Communications Coordinator. Our staff takes direction from the campaign teams, reinforcing a collaborative leadership style that is sparking great creativity and growth.
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“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,…
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Shareholder engagement promotes the image of fossil fuel companies as good corporate citizens, and strengthens their political power to fight climate legislation. What should pension funds, university endowments and other institutional investors do to help address climate change? The fossil fuel divestment movement calls on funds to divest from fossil fuel companies. Fund owners and managers…
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We’re showing up at CalPERS’ November 15 Investment Committee meeting to call them out on coal – again. Thank you, CalPERS, for having the wisdom to divest the remaining three (out of 17 identified) thermal coal companies that were targeted by the legislative mandate of SB 185. It’s great that you finally recognized that Exxaro,…
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In a recent interview with the Washington Post, CalPERS Managing Investment Director Anne Simpson traced the origins of the term “fiduciary” back to the Christian Crusades. Indeed, that history might explain why CalPERS remains invested in fossil fuels with an almost religious zeal.
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New divestment announcements brought the global total to $39.2 trillion for divestment, up from $14.6 trillion earlier this year.
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The California State University System, the largest in the U.S., decided today to divest from fossil fuels. The decision comes after a nine month campaign by the student group Divest the CSU.
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