Across the Country, State Pension Funds have Tens of Billions of Dollars Invested in the very Fossil Fuel Companies driving the Climate Crisis. It’s time to Move Away from these Dirty Investments and Support a just Transition to a Low-Carbon Economy based on Renewable Energy and truly Green Jobs.
There’s No reason that our Tax Dollars are Supporting the Powerful Polluters that are causing the Climate Crisis.
Already, we are Feeling the Impact of escalating Floods, Fires, Heatwaves, and Storms. Public Money shouldn’t be used to Fund Public Destruction.
Climate Hawks Vote has Joined Forces with other Progressive Organizations to call on Elected Officials to Freeze All Investments in Fossil Fuel Companies and Divest Public Funds from Investments in Coal, Oil, and Gas Producers.
I don’t have to tell you that the climate Crisis is the Greatest Threat to our Planet and to Humanity.
State Pension Funds’ ties to Fossil Fuels actually place our Pension Funds at Risk.
Already Big Coal, Oil, and Gas Companies are Underperforming compared to the Rest of the Market. It is widely Expected that the Assets of many Fossil Fuel Companies will eventually become Stranded and Stock Values will Plunge. This Bursting of the "carbon bubble" could cause Losses Greater than the 2008 Financial Crisis, according to a Recent Study.
California Funds balked at climate Hawks’ Demand to Divest from the Dakota Access Pipeline, and they’re still Heavily Invested in Exxon and Chevron. Retirement Savings should Not be Invested in an Uncertain and Volatile Industry, and it’s Unacceptable that Climate Hawks are being Forced to Financially Support Fossil Fuel Companies.
CLICK HERE Sign to Send the Petition to your Governor and State Legislators.
NYC Wins When Everyone Can Vote! Michael H. Drucker
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