To: Jack Ehnes, CEO of the CalSTRS
CalSTRS: Divest from coal, gas and oil companies now.
The California State Teachers' Retirement System should divest from coal, gas and oil companies and invest in green energy companies instead.
Why is this important?
I have 3 grandsons who love to play vigorously outdoors--to play team sports, to swim and to run around the park playground. Whether they--and their children--will continue to enjoy the outdoors will be determined by whether or not oil companies exploit their current reserves.
Climate experts tell us the planet will face catastrophic and irreversible temperature increases if we don't stop burning fossil fuels immediately. CalSTRS can pressure the fossil fuel industry to relinquish these future profits--and avoid financial calamity when this "carbon bubble" bursts--by divesting now. Investing instead in green energy companies will speed the day when alternative, sustainable energy replaces grossly overvalued oil.
Climate experts tell us the planet will face catastrophic and irreversible temperature increases if we don't stop burning fossil fuels immediately. CalSTRS can pressure the fossil fuel industry to relinquish these future profits--and avoid financial calamity when this "carbon bubble" bursts--by divesting now. Investing instead in green energy companies will speed the day when alternative, sustainable energy replaces grossly overvalued oil.