Whereas:
RATIONALE:
Global climate change is emerging as a crisis of unprecedented proportion. Continuing to support, even indirectly, companies that facilitate the production and use of fossil fuels, shown conclusively to negatively impact our environment, is morally indefensible. In addition to the moral imperative, CalPERS has a fiduciary responsibility to invest in funds which will add value to the retirement portfolios of those current and former CSU employees and fossil fuel companies can no longer do so. The Academic Senate of San Francisco State University calls on CalPERS to divest from all fossil fuel funds.