Black, Indigenous, and People of Color (BIPOC)

By Nick Cunningham - DeSmog, June 28, 2022

The California legislature was close to passing a bill that would require the state’s two massive pension funds to divest from fossil fuels, but on June 21 the legislation was killed by one Democratic assemblyman who has accepted tens of thousands of dollars in campaign contributions from the energy industry.

Senate Bill 1173 would have required the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS), the two largest public pension funds in the country, to divest from fossil fuels. CalPERS and CalSTRS, which manage pensions for state employees and teachers, together hold more than $9 billion in fossil fuel investments.

The global divestment movement now claims that more than 1,500 institutions have divested from fossil fuels, representing more than $40 trillion in value. New York and Maine have also committed to phasing out fossil fuel investments from their public pensions.

But because of the size of the two California pension funds, their divestment from fossil fuels would be a significant achievement for the global movement. The call comes as the state continues to suffer from long-term drought and catastrophic wildfires that are worsening with climate change. Activists say that the state cannot claim to be a leader on climate action while maintaining billions of dollars’ worth of investments in the fossil fuel industry.

Senate Bill 1173 would have required the pension funds to divest by 2027, and the legislation had the support of the California Faculty Association, the California Federation of Teachers, associations representing higher education faculty, and roughly 150 environmental and activist organizations. 

However, the American Legislative Exchange Council (ALEC), a corporate-backed front group with ties to the oil industry, opposed the bill, warning that divesting from fossil fuels would put public sector pensions in financial jeopardy.

The bill already passed the state senate, and still needed to pass in the state assembly, where Democrats command a large majority. But the bill needed to move through the Committee on Public Employment and Retirement, where Democrat Jim Cooper (Sacramento) is Chairman. 

On June 21, Cooper decided to let the bill die in committee, refusing to even bring it up for a hearing. Environmental groups denounced the “one-man veto.” Cooper has accepted more than $36,000 from the oil industry and other polluters over the past two years, including donations from Chevron and ExxonMobil, according to data compiled by Sierra Club, which called him a “Democratic favorite of the oil and gas industry.” 

“Jim Cooper just decided to continue investing public money in the unequal suffering of my community,” said Lizbeth Ibarra, an activist with Youth vs. Apocalypse, a California-based climate justice organization.

By Brett Wilkins - Common Dreams, June 21, 2022

"This defeat is just a temporary setback," said one campaigner. "We will organize to come back stronger to make our demand for fossil fuel divestment heard because fossil fuel companies are driving us toward unimaginable disaster."

Climate, environmental, and social justice advocates on Tuesday condemned the decision by a Democratic California lawmaker to kill proposed legislation that would require two of the state's leading pension funds to divest from the fossil fuel industry. 

"Today amidst a historic mega-drought, wildfires, and fossil-fueled public health crises, Assemblymember Jim Cooper, Chair of the Assembly Committee on Public Employment and Retirement, refused to allow Senate Bill 1173, California's Fossil Fuel Divestment Act, to be heard in his committee," Fossil Free California said in a statement. "This one-man veto allows the state's pensions to continue to invest billions from public funds into the fossil fuel industry, for now."

S.B. 1173 would have prohibited the California Public Employees' Retirement System (CalPERS) and the California State Teachers' Retirement System (CalSTRS)—the two largest public pension funds in the United States—from making or renewing investments in fossil fuel companies. The measure would also have required the pensions to liquidate their fossil fuel holdings by 2030. The two funds currently hold an estimated $9 billion in fossil fuel investments.

"This decision is a moral failure that disproportionately impacts young people, Indigenous communities, communities of color, and low-income communities," the coalition asserted. "Climate chaos has already cost California billions in damages and health costs from fossil fuel pollution and climate disasters. Jim Cooper, who has just been elected Sacramento County Sheriff, has reported $36,350 in Big Oil campaign contributions from this election season alone."

State Sen. Lena Gonzalez (D-33) said in a statement that "while I am deeply disappointed that my Senate Bill 1173 was not set for a hearing in the Assembly Committee on Public Employment and Retirement this week, I remain committed to the necessary and ongoing fight against the impacts of climate change on our state, and especially those communities in my district that are disproportionately impacted by the negative effects of the climate crisis."

"Teachers and state employees whose retirement futures are invested by our state's pension funds have long demanded that CalPERS and CalSTRS cease investing their money in fossil fuel companies, and this demand will only grow stronger and louder," she continued.

By Sharon Kelly - DeSmog, June 16, 2022

CalPERS says it needs to hold onto billions in fossil fuel shares in order to push polluters in the right direction – but a new report details a pattern of voting against climate proposals.

Does engaging with oil and gas giants by remaining invested in them – keeping a “seat at the table” – help in the fight against climate change? 

A new report suggests not very much – at least judging by the record of the California Public Employees’ Retirement System (CalPERS).

The report by environmental group Fossil Free California takes the public pension fund to task for its results to date, highlighting its history of pushing “the importance of corporate engagement on climate change” in public statements, while simultaneously voting against climate measures in shareholder meetings.

The report details dozens of votes against climate measures by CalPERS this year — including votes against greenhouse gas reduction targets at Royal Dutch Shell, against reporting and reducing greenhouse gas emissions at BP, and against pushing big banks to get in line with international “net zero by 2050” strategies.

In fact, CalPERS has voted against every climate resolution at major American and Canadian banks so far this year, the report claims.

The report also casts doubt on one of the biggest accomplishments of CalPERS’ engagement strategy – the election of several new members to ExxonMobil’s board of directors last year, nominated by the activist investment firm Engine No. 1. The report faults Engine No. 1’s directors for voting against two recent proposals to set greenhouse gas targets that would account for the pollution caused by the fossil fuels ExxonMobil sells, and to produce a report on low-carbon business plans.

“Despite their best efforts, CalPERS and [California’s other major pension fund] CalSTRS have failed to persuade fossil fuel companies to reduce their greenhouse gas emissions, increase their renewable energy production, or transition from fossil fuels to renewable energy,” the report concludes. “By opposing climate proposals at the very companies they claim to influence, the funds’ shareholder activism is not only ineffective – it’s undermining climate action.” 

California lawmakers are currently considering a bill that would spur these pension funds, which invest retirement funds for state employees – including many, like the state’s firefighters, who are today on the front lines of the climate crisis – to drop their investments in fossil fuel producers.

The fund has an estimated $7.4 billion worth of fossil fuel investments that the bill would require them to shed. In April, its board voted to oppose that law, arguing that it would lose its “seat at the table,” only to be replaced by investors that “may not have the same interest in long-term sustainability as CalPERS”..

CalPERS declined comment on Fossil Free California’s new report.

By various - Institute for Policy Studies, June 2, 2022

By Peter Mencini, et. al. - Amazon Watch, May 31, 2023

By various - American Federation of Teachers, May 31, 2022

Presidents of United Auto Workers and American Federation of Teachers rally members to call on state and local governments to procure union-built electric school buses.

By Harold Meyerson - Resistance Committee, May 31, 2022

Today on TAP: In a signal victory last week, an activist group prevailed on a major bus manufacturer to hire its workers from local, historically disadvantaged communities.

In 1997, after a campaign of several years’ duration, the Los Angeles City Council voted to establish the nation’s first living wage ordinance. Under its terms, businesses with which the city had contracted to do its work—for which the city’s taxpayers were footing the bill—were required to pay their employees a specified, decent wage, as well as offering them a modicum of benefits.

The ordinance, and the campaign that pressured the council to enact it, were the brainstorm of Madeline Janis, the attorney who’d founded and led the Los Angeles Alliance for a New Economy (LAANE). “Taxpayers should not be subsidizing poverty-wage jobs,” Janis argued.

At roughly the same time, in tandem with another progressive community organization, LAANE also persuaded a number of local developers to sign community benefits agreements (CBAs), which obligated those developers to hire local residents—in effect, disproportionately minorities and women—on major construction projects. Previously, such projects were built by a heavily white male workforce that lived nowhere near the city’s center, even as those projects uprooted the self-same minority communities who’d lived and worked there. With the coming of CBAs, minorities began to gain much greater entry to union construction jobs that offered pay and benefits that otherwise would have remained out of reach.

By J. Mijin Cha, Vivian Price, Dimitris Stevis, and Todd E. Vachon - Labor Network for Sustainability, May 3, 2022

The Center for Global Work and Employment, Labor Education Action Research Network (LEARN) and Center for Environmental Justice at Colorado State University have recently sponsored a virtual discussion on the Just Transition Listening Project (JTLP)’s 2021 report Workers and Communities in Transition. You can watch the recording online on LEARN-TV.

By staff - Labor Network for Sustainability, May 2022

A growing convergence between climate protection and worker justice is embodied in a new report from Warehouse Workers for Justice titled “For Good Jobs and Clean Air: How a Just Transition to Zero Emission Vehicles Can Transform Warehousing.”

Warehouse Workers for Justice (WWJ) is a worker center founded in 2008 to win “stable, living wage jobs with dignity” for the hundreds of thousands of workers in Illinois’ logistics and distribution industry. WWJ “provides workshops about workplace rights, unites warehouse workers to defend their rights on the job, builds community support for the struggles of warehouse workers and fights for public and private policies that promote full-time work at decent wages in the warehouse industry.”

The new report, which includes both scientific information and vivid accounts by warehouse workers themselves, documents the toxic, diesel-driven air quality, public health, and labor impacts of warehousing at the nation’s largest inland port, Will County, IL. Its findings were generated by community-driven air quality monitoring, truck counting, and interviews.

The report finds that through environmental racism and poor labor standards, companies like Amazon put their predominantly Black and Latine workers at a “double jeopardy” of exploitation on the shop floor and toxic air pollution in the community.

The report shows that the transition to electric trucks creates an opportunity to uplift labor standards for warehouse workers and truckers while mitigating diesel-related public health crises — but only if the shift to EVs adequately prioritizes workers and residents.