Retirees, CA Workers Testify and Hold Vigil Urging CalPERS to Divest from Big Oil

Sacramento – Retirees, California State Workers, Third Act Sacramento and Fossil Free California members provided testimony and held a silent vigil with “Climate Lamentors” inside the CalPERS Investment Committee Meeting on March 17 to urge CalPERS to divest from fossil fuel investments.

Ten people spoke at the public meeting at the Lincoln Park Auditorium in Sacramento about what they called “risky investments in gas and oil companies,” while 15 activists dressed as “Climate Lamentors” in brown outfits displaying signs representing the impacts of fossil fuels.

The meeting came at a time when many pension funds throughout the country and world have recognized the risk of fossil fuel investments and have already divested from them, according to advocates…

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