Urge California’s elected leaders to divest CalSTRS and CalPERS from fossil fuels!

California's elected leaders in Sacramento

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Please take a moment to sign this petition to California lawmakers in support of SB 252 (Gonzalez), a bill that would require CalSTRS and CalPERS to divest from fossil fuels by 2031.

In the coming days a key Assembly committee will hold a hearing on this critical bill, and they need to hear that this is an important YES vote for active and retired CFT members.

If SB 252 ultimately becomes law, CalPERS and CalSTRS would move about 2% of their investments from the fossil fuel companies they currently finance with workers' hard-earned savings into other high-performing investments.

Two recent studies revealed that members of CalPERS and CalSTRS lost money from their pensions over the past ten years because both pension funds failed to divest. Fossil fuel investments are risky and harm long-term stability of our pensions.

In addition, while fossil fuel investments are extremely volatile and risky, fossil fuel pollution drives climate chaos in California – including extreme heat, flooding, toxic air pollution, water contamination, and wildfires. Our pension funds shouldn't be used to leave an uninhabitable planet for our children and grandchildren.  

Please sign and share today!

To: California's elected leaders in Sacramento
From: [Your Name]

We urge you to VOTE YES on 252 (Gonzalez), and divest CalSTRS and CalPERS pension plans from fossil fuels.

We do not want our pension plans to be invested in industries driving the climate crisis that will create on-going disasters for our children and grandchildren.

Divesting our pension plans from fossil fuels will mean California will continue to lead in addressing the climate crisis, and will help us meet our ambitious climate goals.

Divesting is also sound financial stewardship, with recent studies showing that CalPERS and CalSTRS have both lost money over the past ten years because of the failure to divest from fossil fuels.

California, and our pension plans, can do better than invest our hard earned money in the fossil fuel industry. Our children and grandchildren are depending on you.

We urge a YES vote on SB 252.