Resources and Reports
Unions Support Divestment to Protect California State Worker Pensions
Public employees deserve a secure pension, safe working conditions, and a livable place to retire. While fossil fuel investments are extremely volatile and risky, fossil fuel pollution drives climate chaos…
Read moreFinancial 101 – What Divesting California’s Public Pensions from Fossil Fuels Means
What’s a public pension? What does public pension divestment mean? Why is this good for workers? Has divestment worked before? Get your questions answered with our Financial 101. Read below,…
Read moreFrequently Asked Questions – Senate Bill 252, The Fossil Fuel Divestment Act
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.
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 morePromises, Promises: Evaluating CalPERS’ Climate Engagements
Full Report Here CalPERS seems to have an unshakeable faith in the ability of shareholder engagement to transform fossil fuel companies into clean energy providers. This report reviews CalPERS’ engagement…
Read moreCalifornia Pensions Fail to Engage: A review of CalPERS’ and CalSTRS’ votes against shareholder climate resolutions
Read the full report. As the impacts of climate change begin to wreak havoc on our bisophere, the fossil fuel divestment movement has gained remarkable momentum. Globally, 1,500 institutions representing…
Read moreWhat Does Divestment Cost? Misinformation from CalPERS and CalSTRS
The “fiscal impact” analysis for the Appropriations Committee in the state Senate or Assembly can make or break a bill. For divestment bills, CalPERS and CalSTRS have repeatedly given imprecise, incorrect, and inflated figures on the costs of divestment, including in the numbers reported to the Appropriations Committee for SB 1173, the Fossil Fuel Divestment Bill.
Read moreCalSTRS Loses Over $1.63B on Fossil Fuel Stocks Since July 2019
The California State Teachers’ Retirement System (CalSTRS) has lost over $1.63B since July 2019 from investments in fossil fuel companies, according to new analysis by Fossil Free California.
Read moreCalPERS Corporate Knights Report
CalPERS Corporate Knights report demonstrates that investment in fossil fuels have lost CalPERS billions of dollars during the past decade.
Read moreFinancial Risk of CalPERS’ Fossil Fuel Assets
Clair Brown’s advanced economics students at UC Berkeley released a report detailing three factors contributing to CalPERS’ financial risks and the societal costs of fossil fuel asset ownership.
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