Updates
By Joanie Lohman, FFCA Volunteer I wonder if David really thought he could slay the giant Goliath when he picked up that rock and slingshot? This question came to mind…
Now with over 140 labor unions and organizations in support, the California Fossil Fuel Divestment Coalition is building support in every corner of the state for SB 252, which will divest California’s public pensions from fossil fuels.
Fossil Free California condemns the genocide now taking place in Gaza. While we strongly condemn Hamas’ attack on Israeli citizens on October 7, no attack, however brutal, can justify the…
California stepped up as a climate leader in key areas this year. Here are 7 of the top climate victories of 2023 to celebrate! It feels like we’re constantly inundated…
Despite the Intergovernmental Panel on Climate Change’s warning that the climate emergency demands an immediate halt to new production, fossil fuel companies continue to expand. They treat the climate crisis — and our planet — with contempt. CalPERS should divest as soon as prudently possible.
The Los Angeles Times Editorial Board on CalPERS: “It seems clear that the only way to ensure that public pension funds move out of this risky business is by forcing them to do so through legislation.”
CalPERS has roughly $9.4 billion dollars, and CalSTRS $5.4 billion dollars ($14.8 billion in all) of stock and bond investments in the top 200 coal, oil and gas production companies.
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.
“It’s time to take the next step in climate action. Divestment sends a message to companies that have shown little interest in seriously addressing a problem that places human existence in peril for the sake of profits: time’s up.”
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