oakland_march_3 Oakland Police and Fire System divests from coal - On Wednesday, May 25, the Oakland Police and Fire Retirement System (PFRS) voted to divest their pension funds from investments in coal. Next month, PFRS will consider whether to divest from oil and gas as well. During the morning’s Investment Committee meeting, members of Fossil Free California commented on the damaging effects of coal, after...... Read more »
exxonknew_0 Exxon’s Board Meeting: Louder Protests; Still No Results - Exxon shareholders on Wednesday rejected a resolution that would have forced the oil giant to calculate and report the impact of climate change on its long-term business prospects, as well as other climate-related proposals, in some cases by an “overwhelming majority.” DeSmog Blog‘s Steve Horn reports that “shareholders voted against one that called for the...... Read more »
Five speakers against CalPERS reinvestment in tobacco, at the May Board meeting CalPERS buys more time to “study” tobacco reinvestment — and its commitment to social responsibility - On a tie vote at their May meeting, the CalPERS Board of Administration rejected Treasurer John Chiang’s motion to declare once and for all that the fund will remain divested from tobacco. Board President Rob Feckner, who voted for the same motion at the April meeting, switched sides and opposed it. CalPERS’ apparent willingness to consider...... Read more »
SB1161 Nears Crucial California Senate Vote - SB 1161, the Climate Science Truth and Accountability Act, is nearing a crucial California Senate vote. Here’s a recent update from Coreen Weintraub of the Union of Concerned Scientists: Timing The State Senate floor vote will happen next week, with the earliest possibility being Monday, May 23. What you can do Call your State Senator....... Read more »
LA Break Free 325 Break Free LA: a Wave of Global Protests - During the first two weeks in May, thousands of people all over the world participated in what organizers have called the largest ever global civil disobedience against fossil fuels, with dozens of activists arrested during protests that shut down coalmines, rail infrastructure and a port. The rally and march in Los Angeles on May 14 was...... Read more »
GDDSac17 CalSTRS CIO Comments on Engagement, Divestment, and Exxon - In an interview with the Bloomberg show, CalSTRS CIO Chris Ailman comments on engagement, divestment, and Exxon – maintaining the Fund’s preference for engagement even as he refers to Exxon as a “lost cause”. If the Fund chooses divestment, he says, it become invisible. He also calls for a price on carbon, and hints that...... Read more »
CalSTRS 286 CalSTRS features Fossil Free California - CalSTRS recently published its annual Sustainability Report, and it shows that the world’s largest teachers’ pension fund is increasingly aware of the significance of divestment. While the report continues to emphasize the current CalSTRS policy of shareholder engagement, the divestment movement receives a full and fair treatment. This page features our work at Fossil Free California. One section of the...... Read more »
California State Capitol SB 1161 Moves to State Senate Floor Vote - SB 1161 passed out of its second and final committee (Judiciary) on May 3, with a 4-2 vote!  Senate Bill 1161, the “California Climate Science Truth and Accountability Act,” passed its first major legislative test on April 20 when the California Senate Environmental Quality Committee voted 5-2 to approve it. The bill by Sen. Ben...... Read more »
CalPERS_IC CalPERS’ tobacco debate crystallizes sustainable investment dilemma - Following three months of troubled debate, the CalPERS Board of Administration (acting as the fund’s Investment Committee), will decide at its May 16 meeting whether to put to bed the possibility of reinvesting in tobacco after 16 years of divestment. In spite of restrictions on advertising and a decline in smoking in the U.S., the big tobacco firms’ international...... Read more »
CalSTRS 245 June 10th, Sacramento: Divest CalSTRS Demonstration - Save the date! June 10th in Sacramento, 12noon – 1 pm: Silent Demonstration to Divest CalSTRS from all fossil fuels CalSTRS HQ, 100 Waterfront Place, West Sacramento The silent demonstration will take place from 12 noon – 1 p.m., at the CalSTRS offices. Support educators who want their pensions to stop contributing to global warming. Divesting...... Read more »