Fossil Free California and 350 Bay Area Divestment are now launching a renewed campaign urging CalSTRS to divest completely from all fossil fuel companies by 2020 — beginning with ExxonMobil, Chevron, and Shell. These Big Oil companies have known for decades that their everyday business practices contribute to climate change, but they have failed to join in the international effort to minimize global warming. In fact, it’s worse than that: they have lied about the effects of their business, pretending that the economy can thrive only by burning oil and minimizing their contribution to the rise in atmospheric carbon.
Since Big Oil companies refuse to modify their business plans or activities, investors — especially CalSTRS — should refuse to own any of their shares.
Sign our petition here, so we can let CalSTRS know that you are among the thousands of Californians who support divestment. If you’re a teacher — and a member of CalSTRS — your message carries even greater force, but we all have a say in the public welfare of our state. Tell the CalSTRS Board that you refuse to stand by while the state teachers' pension fund invests in companies perpetrating the climate crisis.
And please share the video with friends and family. This is an opportunity for us all to make a difference with the nation's second largest public pension fund. And CalSTRS' example will spur divestment decisions throughout the country.