On Friday, June 12, the Investment Committee of the California State Teachers’ Retirement System (CalSTRS) meets in West Sacramento, and divestment activists will rally. Please join us at the CalSTRS headquarters to urge that the committee begin the process of divestment from fossil fuels. It’s time.
We cannot wait the 5 to 15 years CalSTRS could take in deliberation. The risk is immediate and enormous, and engagement is futile. CalSTRS’s usual cautious approach to the nexus of climate change, fiduciary responsibility, and shareholder engagement is no longer effective.
It is safer for the CalSTRS portfolio, it is safer for CalSTRS members, and it is safer for the Earth, to divest from fossil fuel companies that are recalcitrant and unwilling to change their ways, that—to quote the fund’s investment policy—are “exacerbating the problem” and “oblivious to the risk.” We urge, for the sake of our teachers and for the sake of our children, divest now.
Join us at 8:15 am Tomorrow, June 12 in front of the CalSTRS headquarters:
100 Waterfront Pl, West Sacramento
to demand: Divest Now!