If you are a current or retired employee of the State of California, or any public school system in California, the hard-earned money in your pension fund is helping to finance climate catastrophe. But you can help end this money pipeline.
Join Fossil Free California for webinar to find out how you can support the growing movement for CalPERS (California Public Employee Retirement System) and CalSTRS (California Teachers Retirement System) to divest from fossil fuels — and specifically how current and retired public employees are working in their unions to push for divestment.
California public employee retirement funds have $42 billion invested in fossil fuel corporations that are building coal plants, oil pipelines, and fracked gas wells in our communities and around the world.
Research has shown that divesting from fossil fuel is not only good for the planet and environmental justice — it’s fine for the financial health of investors.
BlackRock – the largest asset manager on the planet – studied divestment and concluded that portfolios that divested “experienced no negative financial impacts from divesting from fossil fuels. In fact, they found evidence of modest improvement in fund return.” The report’s executive summary states that “no investors found negative performance from divestment; rather, neutral to positive results.”
Tuesday, January 31, 6 PM
online. RSVP here