SB 252, the California Fossil Fuel Divestment Act, would require the California Public Employee Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS) — the two largest public pension funds in the country — to divest more than $14 billion from fossil fuel corporations.
These two retirement systems serve teachers and state employees in California, who have made it clear that their retirement savings shouldn’t be used to support the fossil fuel industry. More than 15 statewide unions representing more than 480,000 Californian workers and 140 organizations have signed on in support of SB 252.
California can lead on climate if our multi-billion dollar retirement pension funds stop investing billions in the companies responsible for the climate crisis. Tell your Assemblymember to vote YES on SB 252 and divest from fossil fuels today!
Contact your assemblymember in support of SB 252 today
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