Pass a DIVESTMENT Resolution in your Local!

Passing a resolution within your local CFT chapter is a powerful way to build support for divestment. Use the sample resolution below to kickstart a divestment conversation and ask your Representative Assembly or Executive Board to consider adopting it.

A Resolution Calling on local chapters of the California Federation of Teachers (CFT) to advocate for CalSTRS Divestment from Fossil Fuels (SAMPLE)

Be it resolved that the ________ Local will:

  1. publicly support fossil fuel divestment as an effective strategy to combat the climate crisis that upholds fiduciary responsibilities while advancing climate justice;

  2. use its collective power and resources to strongly urge CalSTRS to immediately stop any new investment in fossil fuel companies and begin the process of complete divestment with a commitment to a defined exit strategy.

  3. Engage our members and the community about labor’s role in advocating for tangible solutions to the climate crisis, including divesting our retirement funds from fossil fuels,

WHEREAS climate-related crises disproportionately impact communities of color and low-income communities due to inequity in systems of power and lack of access to means and resources for prevention and relief;

WHEREAS the Climate Psychiatry Alliance states that climate inaction from institutions, teachers, and parents "has multiple traumatic effects on children including demoralization, development of hopelessness and defiance, and experiences of neglect and abuse that are associated with poor long term educational and emotional outcome”;

WHEREAS BlackRock - the largest asset manager on the planet - concluded that portfolios that divested “experienced no negative financial impacts from divesting from fossil fuels.” The report’s executive summary states that “no investors found negative performance from divestment; rather, neutral to positive results.”;

WHEREAS decades of investor engagement with fossil fuel companies has proven futile. According to a comprehensive study by the Transitions Pathway Initiative, NONE of top 53 fossil fuel companies are on track to align their emissions with a 2°C climate pathway by 2050, as set forth in the Paris Agreement;

WHEREAS other large public pension funds in New York, Maine, Ireland, the UK, Baltimore, the Netherlands, and more have upheld their fiduciary responsibilities while also divesting from fossil fuels;

WHEREAS other unions and associations of California educators have already spoken up for pension fund divestment including the Faculty Association of California Community Colleges (2020), California Faculty Association (2021), as well as local CTA chapters representing more than 40,000 CTA members;

WHEREAS the IPCC Special Report on 1.5℃ states that in order to stay close to the goal of 1.5˚C, the rate of global human-caused emissions must decline by about 45% from 2010 levels by 2030;

WHEREAS to keep global warming to 1.5˚C and avert climate collapse, more than 85% of known carbon reserves must be kept in the ground, meaning fossil fuels stocks are overvalued by at least $1-4 trillion.

Chapter President __________________________________________ Date _______________________

Vice-President __________________________________________ Date _______________________