Chris Ailman Archives - Fossil Free California

CalSTRS Exaggerates Costs of Divestment

By Owen Doyle, Lanie Goldberg and UC Berkeley Economics Professor Clair Brown | May 3, 2022

A group of diverse protesters is gathered outdoors, holding signs and banners advocating for fossil fuel divestment.

CalPERS and CalSTRS manage portfolios worth $466 billion and $323 billion, respectively, so it’s natural for these public pension funds to throw around large numbers. But evidence from the funds…

CalSTRS Tunes Out Teachers to Engage with Exxon

By CJ Koepp and Cynthia Kaufman | April 12, 2022

A man with a calstrs member sign on his shirt, standing in front of a large crowd of protestors.

The California State Teachers’ Retirement System (or, CalSTRS) prides itself on its shareholder engagement with fossil fuel companies. However, by spending their resources, time, and energy on connecting with oil giants like Exxon, CalSTRS has failed to engage with the shareholders who matter most: their own.