Climate Safe Pensions

Banks, insurance companies, and institutional investors are the great enablers of climate change. By financing fossil fuel companies, they enable these companies to continue to produce and burn more fossil fuels, driving up global greenhouse gas emissions at the very time when we need to be doing the exact opposite - urgently and rapidly decreasing emissions.

Pension funds are among the largest institutional investors in fossil fuels. They have hundreds of billions invested in the world’s largest coal, oil and gas companies. Across the United States, divestment campaigns targeting state pension funds are gathering momentum and winning victories. At Stand.earth, we are coordinating the Climate Safe Pensions Network, engaging in state and city pensions campaigns and mobilizing the power of the Stand community to pressure decision makers who control trillions of dollars. We are working to get pension managers including state treasurers and pension boards to use their leverage to force change at high emitting companies and to invest instead in renewables and climate solutions. Unless we stop the money pipeline for dangerous fossil fuel companies, we have little chance of curtailing the unfolding climate emergency.

In April 2021, New York State’s $245 billion Common Retirement Fund became the first state pension fund in North America to divest from dirty tar sands companies. In a landmark review of the pension fund’s investments, State Comptroller Tom DiNapoli decided to restrict investment in companies that are failing to prepare for a transition to a low-carbon economy.

This is a huge win for our climate movement, as we aim to disrupt the financing of fossil fuels. This is the time to push for rapid divestment of state pension funds across the United States.

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Latest Press Releases and Blogs

Excerpt Image that reads 'Divestment Works'
26, Oct 2021
Institutions representing an unprecedented total of $39.2 trillion worth of assets have now committed to some form of fossil fuel...
10.26 divest invest
21, Oct 2021
Washington, D.C — On Tuesday, October 26, a coalition of organizations, cities and advocates will announce that the fossil fuel divest-...
Divest Harvard Media Event
16, Sep 2021
Cambridge, MA -- Activists from student divest-invest campaigns and leaders of the global fossil fuel divest-invest movement hosted a press...