If you are a current or retired PA public school employee, please consider signing the letter being circulated by a group of teachers who have started a divestment campaign. Below is the email they have sent to colleagues that contains the link to the sign on letter.
The letter is based on research we did that found that 49% of the PSERS holdings are in fossil fuels and that many of the drilling and pipeline companies doing harm in Pennsylvania are on the list.
I am writing to you to ask you to join me in taking action today on a critical issue. As you probably know, an overwhelming majority of climate scientists agree that continuing to burn fossil fuels is putting our planet’s future in peril unless we act decisively. But, are you aware that 29 of the top 32 holdings in PSERS, our pension fund, are with fossil fuel companies? One of them, Energy Transfer Partners, has been cited for brutal treatment of Standing Rock Sioux members protecting sacred burial grounds and local water supplies from the proposed Dakota Access Pipeline. In Pennsylvania, Energy Transfer Partners and other companies are involved in massive pipeline build-outs to move gas to shipping ports.
An increasing number of retirement plans in the United States and across the world are divesting from fossil fuels and doing so profitably. In fact, a portfolio heavily reliant on fossil fuels is not financially sound.
Please join me and a number of our fellow educators and retirees in taking 3 decisive steps.
• Sign the online petition,https://bitly.com/PSERSDIVEST, demanding that PSERS begins to divest from fossil fuels.
• Forward this e-mail and attached petition to all educators you know who are members of PSERS.
• Share the petition on Facebook or whatever form of social media you use.
We will deliver this letter, with the list of supportive current and retired educators, at the next PSERS board meeting on December 7.
Not only is this a financial issue, but it is a moral issue as well. Our actions now will impact our children today and all future generations.
Dianne Arnold, retired educator, Allegheny Intermediate Unit
Mike Kamandulis, retired instructor of Earth and Environmental Science, Penn State, DuBois
Robin Lowry, teacher, School District of Philadelphia
Anita Mentzer, retired teacher, Annville-Cleona SD
Max Rosen-Long, teacher, School District of Philadelphia