Posts by Fossil Free California
Meet the California Fossil Fuel Divestment Coalition!
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.
Read moreFossil Free California Statement of Support for a Permanent Ceasefire in Gaza
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…
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 more“Divest Now” – Sacramento Bee
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.
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 moreLos Angeles Times Editorial Board: CalPERS must ditch fossil fuel investments. Its new ‘sustainable’ plan doesn’t do that
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.”
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 moreSenior Campaigns Organizer or Campaigns Organizer
Fossil Free California is hiring a full-time Campaigns Organizer or Senior Campaigns Organizer. The successful candidate will work with two other Fossil Free California staff and our many coalition partners to help build support for fossil fuel divestment of CalPERS and CalSTRS among unions, municipalities, and the legislature. This position is a 12-month contract position with full health benefits which is eligible after 12 months for hire as permanent staff.
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.
Read moreOakland City Attorney comes out in strong support of SB 252, California’s fossil fuel divestment bill
Oakland City Attorney Barbara J. Parker’s op-ed reads: “Divesting from fossil fuel companies is the right thing to do to protect California’s frontline and fenceline communities. Due to long legacies of systemic racism, these communities are disproportionately impacted by climate change, climate harm, and pollution. The Legislature must pass SB 252 this year. This bill is both financially prudent and essential to meeting our collective climate goals.”
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