Managing more than $46 trillion in assets worldwide, pension funds are the world’s largest asset owners and among the biggest investors in fossil fuels. By funneling billions of dollars into this polluting industry, pension funds risk both the climate and the hard-earned retirement savings of our public workers.

Fossil fuel investments are losing our public employees money, supporting pollution in our communities, and threatening our climate.

The Climate Safe Pensions Network is a North American network of multi-generational campaigns working to shift our pensions out of risky fossil fuels and into regenerative climate solutions.

A volatile investment

Retirement savings should not be invested in a volatile industry, and the Climate Safe Pensions Network is calling for a halt to the financial support of fossil fuel companies, the primary drivers of the climate crisis.

  • Nearly all public pension funds in the U.S. and Canada are invested in fossil fuel companies –and thus using our tax dollars to support the powerful polluters that are causing the climate crisis.
  • Pension funds’ investments in fossil fuels place our pension funds at risk. Already big coal, oil and gas companies are underperforming compared to the rest of the market. It is widely expected that the assets of many fossil fuel companies will eventually become stranded and stock values will plunge. This bursting of the “carbon bubble” could cause losses greater than the 2008 financial crisis, according to a recent study.
  • State pension funds in the US control more than $4 trillion, and the 10 largest Canadian public pension funds control more than $1 trillion. These funds’ stubborn refusal to divest from underperforming fossil fuel stocks has already cost pensioners in North America billions of dollars.

Pension fund divestment campaigns are active in states including Alaska, California, Colorado, Illinois, Maine, Maryland, Massachusetts, Minnesota, New Jersey, New York, Texas, Washington, as well as in Canada. Here’s a snapshot of some of the work underway with further information on local campaigns and how to plug in.

Want to get more involved or join Climate Safe Pensions Network? Email [email protected].

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We’re going to keep the pressure on until Chase completely stops funding the climate crisis.
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