rich 1.0 Action Network https://actionnetwork.org <link href='https://actionnetwork.org/css/style-embed-v3.css' rel='stylesheet' type='text/css' /><script src='https://actionnetwork.org/widgets/v6/letter/were-calling-out-calpers-on-coalagain?format=js&source=widget'></script><div id='can-letter-area-were-calling-out-calpers-on-coalagain' style='width: 100%'><!-- this div is the target for our HTML insertion --></div> Fossil Free California https://actionnetwork.org/groups/fossil-free-california https://can2-prod.s3.amazonaws.com/letters/photos/000/200/447/normal/Coal_Graphic.jpg In response to a 2015 legislative mandate, CalPERS divested from 17 thermal coal companies worth about $25 million — but CalPERS still owns more than $9.2 billion in 160 coal companies that appear on the Global Coal Exit List, including huge conglomerates such as BHP Billiton, coal-fired utilities such as those owned by Duke Energy, and Chinese coal giant China Energy. Investing in these companies perpetuates the climate, health, and environmental damage caused by coal, particularly in our most vulnerable communities. According to a new report from Systems Change Lab, coal needs to be phased out five times faster than is currently being done. Although Alok Sharma, the head of COP26, has stated that “the end of coal is in sight”, we need to show up to make sure that CalPERS does its part. Let’s give CalPERS board and staff a warm welcome as they return from the COP26 conference in Glasgow. As the CalPERS Investment Committee meets, tell them to dump ALL the coal in their portfolio – NOW. Please click 'START WRITING' to read our form letter, then click 'send' to let the CalSTRS Board know that you are with students, teachers, and frontline communities calling for CalSTRS to divest from fossil fuels immediately. https://actionnetwork.org/letters/were-calling-out-calpers-on-coalagain