First it was shale; now it’s oil sands. Battered by the pandemic-inspired drop in demand and (until recently) bargain-basement oil prices, Exxon Mobil has been forced to offset its mounting losses by writing down assets in natural gas and oil sands, laying off workers, and reducing capital spending.
Read moreWe 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…
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On December 17, 2020 hundreds of climate groups including GreenPeace, 350.org, the Center for Biological Diversity, and Fossil Free California signed a letter to Joe Biden asking him from Day One to: “Protect and invest in the Black, Indigenous, Brown and working-class communities that have borne the brunt of fossil fuel pollution and climate disaster;…
Read moreIn February 2019, 2 years ago, Assemblymember Al Muratsuchi introduced AB345. One of the regulatory intentions of this bill was to establish a minimum setback distance of 2500 ft. between oil and gas activities and sensitive receptors such as schools, residences, hospitals, etc. Soon thereafter, CRPE and other organizations announced the VISIÓN Coalition, Voices in Solidarity…
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Take a look at the two buildings in the photos. What do they have in common? Both are in Los Angeles? ✅ Both on a major thoroughfare called Pico Boulevard? ✅ Both in retail/residential neighborhoods? ✅ How about: Both are roofless, and hide active oil wells behind their walls? Yes, this is true! In addition,…
Read moreThree of New York City’s five pension funds announced they are divesting a total of $4 billion from fossil fuels following a six year campaign led by a multiracial, multigenerational coalition. Pension funds for teachers, school administrators, and civil servants voted to divest from fossil fuels. Police and fire department pension funds have not yet…
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On November 16, 2020, students from Team Marine, a service club at Santa Monica High School, succeeded in getting a resolution passed by the Santa Monica-Malibu Classroom Teachers Association (SMMCTA) to ask CalSTRS to divest from the billions it has invested in fossil fuels.
Read moreThe attempted coup last week was an attack on our Congress and on democracy itself. It also highlights the structural racism in contrasting the police violence towards Black Lives Matter protesters with how the white insurrectionists were met. While the majority white insurgents met with police-sympathizers, Black Lives Matter protesters are hailed with rubber bullets, tear…
Read moreThroughout this year, we have continued to fight alongside our allies to push for divestment of the CalPERS and CalSTRS pension funds. 2020 has turned out to be a formational year in setting the stage for greater wins in 2021 and beyond. This year marked a turning point in the profitability of oil where for…
Read moreTom DiNapoli, Comptroller of the State of New York, who has sole charge of the $226 billion Common Retirement Fund, announced today a four-year plan to analyze all of the fund’s fossil fuel holdings and divest from those that have no real transition plans to get out of fossil fuel production or that are not aligned to the goals of the 2015 Paris Climate Accord.
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