CalSTRS' Divestment CLAIMS...and WHY THEY'RE MISLEADING
2. "When CalSTRS divested from tobacco ten years ago the CalSTRS fund lost $5 billion dollars and tobacco stocks increased."
WHO WE ARE
CTA Divest is a group of CTA Members and CTA State Council Delegates that believes a CalSTRS fossil fuel divestment exit strategy is the most responsible financial and environmental decision for the stability of our pensions and the well-being of our members, students, and communities. We stand in solidarity with peers, students, and allies who also advocate for CalSTRS to divest from fossil fuels.
Why We Formed
A group of CTA members and state council delegates started CTA Divest! after we realized that:
1. Expand dialogue within CTA regarding divestment and address misconceptions that frequently surround the issue, especially in regards to pension fund stability.
2. Organize CTA supporters of fossil fuel divestment.
3. Through CTA State Council in 2021/2022, pass an item of fossil fuel divestment support that urges CalSTRS to implement a thoughtful and phased withdrawal from fossil fuels.
Full 15-minute CTA Divest Presentation
Explains who CTA Divest is and our organization's goals.
Corrects common misconceptions about fossil fuel divestment:
Divestment is effective and financially responsible.
Staying invested in fossil fuels puts our pensions at risk.
Investor engagement has been futile; CalSTRS' strategy needs to change.
CalSTRS has not yet committed to divestment.
Lays out our strategy for (hopefully) getting CTA to support CalSTRS fossil fuel divestment.