By Dan Bacher / Daily Kos
On February 17, California Public Employees’ Retirement System (CalPERS) officials announced they are joining over 100 fellow investors asking major U.S. and international banks backing the Dakota Access Pipeline (DAPL) to address the concerns of the Standing Rock Sioux Tribe of North Dakota.
The statement endorsed by CalPERS supports a rerouting of the pipeline, but doesn’t call for halting DAPL, a project that poses enormous harm to the drinking water supply for 17 million people and to many fish and wildlife species on the Missouri River.
The announcement came four days after 150 people from a coalition of environmental and Native American Groups held a march and rally in front of the CalPERS office in Sacramento to tell the retirement fund to divest from its investments in banks backing the Dakota Access Pipeline. [Read more…]