Press Release
California ScholarShare 529 Plan Launches Fossil Fuel Free Vanguard Fund
Contact: Quinn Eide, quinn@fossilfreeca.org Sacramento, CA — July 24, 2026 —The ScholarShare Investment Board (SIB), under the California State Treasurer’s Office, has made a landmark update to the California ScholarScare…
Read moreDespite Net Zero Commitments, CalPERS and CalSTRS Oil and Gas Bond Exposure Grows Since 2023
Contacts: Sacramento, CA — July 15, 2026 —New analysis from Urgewald’s Investing in Climate Chaos 2026 project demonstrates that both CalPERS and CalSTRS reported higher bond holdings in fossil fuel…
Read moreSanta Clara County Supervisors vote to divest from Fossil Fuel Companies
Contacts: Carlos Davidson 650-784-1276Cynthia Kaufman 650-270-8857 The Santa Clara County Board of Supervisors voted this morning to divest the roughly 10 billion dollar county investment pool from fossil fuel companies.…
Read moreCalifornia ScholarShare 529 Plan Strengthens Performance and Reduces Fossil Fuel Exposure with New Vanguard Fund Selection
FOR IMMEDIATE RELEASE: Thursday, January 29, 2026 Contact: Quinn Eide, quinn@fossilfreeca.org Sacramento, CA — January 29, 2026 —The ScholarShare Investment Board (SIB), under the California State Treasurer’s Office, recently announced…
Read moreFFCA First of its kind Mapping Tool: Thousands of oil wells across California are funded by CalPERs and CalSTRS
Fossil Free California Unveiling new Mapping Tool FOR IMMEDIATE RELEASE Contacts: Luis Angel Martinez | Fossil Free California | luis@fossilfreeca.org | (424)338-0534 Today we are unveiling a mapping tool that…
Read moreStatement of Support to Striking Cal State Faculty, Members of the California Faculty Association
Contact: Shana DeClercq | shana@fossilfreeca.org | (415) 376-3746 Oakland, California** – As faculty members in the California State University system enter their fourth day of rolling strikes around the state,…
Read moreFossil Free California and the California Fossil Fuel Divestment Coalition: “While we welcome CalPERS scaling up climate-safe investments, there’s no room for fossil fuels in any sustainable finance or net-zero plan”
Ahead of its November 13 board meeting, CalPERS announced its “Sustainable Investments 2030 Strategy” to increase its investing in clean energy and sustainable funds and to double-down on “engagement” strategies with high emitters of fossil fuels. In its strategy, CalPERS acknowledges and affirms climate risk is undeniably financial risk. CalPERS recognizing that some fossil fuel holdings must be responsibly phased out is a noteworthy step toward CalPERS meeting its fiduciary duty. What CalPERS is proposing is a limited form of divestment on an unspecified timeline with no enforceability. But what CalPERS members, state workers, retirees, union members and people from every part of California demand is the comprehensive divestment from the top fossil fuel companies by 2031, as called for in Senate Bill 252.
Read moreNewsom Surprises New York Climate Week with Announcements on SB 253, SB 261, Advancing the Climate Accountability Bill Package
In a surprise move Sunday, California Governor Gavin Newsom announced his intention to sign Senate Bills 253 and 261, groundbreaking climate legislation, advancing the suite of bills announced jointly in January as the Climate Accountability Bill Package. Senate Bill 252, the third bill in the package, now a two-year bill, is poised to clear the Assembly in 2024.
Read moreBroad Coalition Calls on CalPERS to Update Approach to Climate Change
For Immediate Release: Monday, September 18, 2023Contact: Elizabeth Brennan (213) 999-2164 SACRAMENTO** | Following record-breaking temperatures, a tropical storm, a hurricane and several megafires throughout California, a growing coalition of…
Read moreREPORT: CalPERS & CalSTRS lost over $9.6 billion by not divesting from fossil fuels 10 years ago
On June 28, 2023, the University of Waterloo released a groundbreaking report revealing that by not divesting, CalPERS lost $4.7 billion in missed returns, or $3,163 per beneficiary. CalSTRS lost over $4.8 billion in missed returns, or $5,114 per beneficiary over the last ten years, by not removing fossil fuels from their investment portfolio.
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