350 Wenatchee Climate Conversations NCW

On Wednesday, our friends at 350 WA released a report analyzing the state pension fund’s climate record: Making Washingtonians’ Money Matter.

The report analyzes how the $192 billion WA state pension fund voted on climate-related shareholder resolutions at banks, fossil fuel companies, and utility companies last year. Unfortunately, the state pension fund seems to be voting for climate denial.

In 2022, our state pension fund…

• Opposed a resolution at ExxonMobil that called on the company to create a plan for reducing its dependence on fossil fuels
• Opposed a series of shareholder resolutions that would have pushed banks to take the actions required to limit global warming to 1.5°C
• Opposed an anti-greenwashing resolution at JPMorgan Chase

These votes run counter to the values of the vast majority of the 550,000 public employees and retirees the pension fund represents, and are a breach of the pension fund’s fiduciary duty, as they mean that the state pension is failing to protect its members’ savings from climate-related financial risk.

With the annual shareholder meetings of the world’s largest funders of fossil fuels ― Wells Fargo, Bank of America, Citigroup and JPMorgan Chase ― right around the corner, we need our state pension fund to do better.

Send State Treasurer Mike Pelliccotti an email, urging him to ensure that our state pension fund is voting for climate justice and Indigenous rights this spring.

We’re emailing the State Treasurer for a simple reason. As the only person in Washington that we explicitly elected to serve as a board member on the pension fund, he has a special obligation to make sure our pension is using our dollars in ways that protect our future and our communities. Right now, that’s not happening.

Tell Treasurer Pellicciotti today: Use your power to ensure Washington votes for climate justice and Indigenous rights this spring.

In Solidarity,
– Alec Connon

PS: Want to do more? Amplify the campaign launch on Twitter!

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